CFLR FAMILY LAW TAX RATE CHART | |||||||||||
|
|
|
2007 |
| 2008 |
Change |
|||||
|
| OASDI |
| HI |
| OASDI |
| HI |
OASDI |
HI | |
FICA |
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ceiling/annual |
$97,000 | NO CAP | $102,000 |
NO CAP | $5,000 | N/A |
|||||
ceiling/monthly |
$8,083 | NO CAP | $8,325 |
NO CAP | $242 | N/A |
|||||
rate |
6.20% | 1.45% |
6.20% | 1.45% |
0.0% |
0.0% |
|||||
max tax/annual |
$6,014 | NO CAP | $6,194 |
NO CAP | $180 | N/A |
|||||
max tax/monthly (annualized) | $501 | NO CAP | $516 | NO CAP | $15 |
N/A |
|||||
Self-employment tax | |||||||||||
ceiling/annual | $97,000 | NO CAP | $102,000 |
NO CAP | $5,000 | N/A |
|||||
ceiling/monthly |
$8,083 | NO CAP | $8,325 |
NO CAP | $242 | N/A |
|||||
rate |
12.40% | 2.90% |
12.40% | 2.90% |
0.0% |
0.0% |
|||||
max tax/annual |
$12,028 | NO CAP | $12,388 |
NO CAP | $360 | N/A |
|||||
max tax/monthly (annualized) | $1,002 | NO CAP | $1,032 |
NO CAP | $30 | N/A |
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CASDI |
|||||||||||
ceiling/annual |
$83,389 |
$85,891 |
$2,502 | ||||||||
ceiling/monthly | $6,949 |
$7,158 |
$209 | ||||||||
rate | 0.6% |
0.6% |
0.0% | ||||||||
max tax/annual | $500 |
$515 |
$15 | ||||||||
max tax/monthly (annualized) |
$42 |
$43 |
$1 | ||||||||
FIT |
|||||||||||
Personal exemption/annual | $3,400 |
$3,500 |
$100 | ||||||||
SIT |
|||||||||||
Personal exemption credit/annual | $94 | $97 | $3 | ||||||||
Dependent credit/annual | $294 | $303 | $9 | ||||||||
Figures are exactly calculated as of January 1, 2008, and individually rounded. Exemptions and credits are subject to phase-outs. |
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