| Tax rate | Taxable income bracket | Taxes owed |
|---|---|---|
| 10% | $0 to $22,000. | 10% of taxable income. |
| 12% | $22,001 to $89,450. | $2,200 plus 12% of the amount over $22,000. |
| 22% | $89,451 to $190,750. | $10,294 plus 22% of the amount over $89,450. |
| 24% | $190,751 to $364,200. | $32,580 plus 24% of the amount over $190,750. |
| 32% | $364,201 to $462,500. | $74,208 plus 32% of the amount over $364,200. |
| 35% | $462,501 to $693,750. | $105,664 plus 35% of the amount over $462,500. |
| 37% | $693,751 or more. | $186,601.50 + 37% of the amount over $693,750. |