# Federal Taxes withheld in Texas?

Hey there I'm writing out a budget for myself. yada and I need to figure the percentage of Federal Taxes deducted from my gross income. I have figured social security and medicare which is a fixed rate. But what would the formula be to distinguish the percentage held for Federal Taxes in Texas? Thansk show more Hey there

I'm writing out a budget for myself. yada and I need to figure the percentage of Federal Taxes deducted from my gross income. I have figured social security and medicare which is a fixed rate.

For 2007: Rate of federal income tax on your taxable income

Schedule X — Single

is over-- But not over-- The tax is:

\$0 -- \$7,825 -- 10% of the amount over \$0

\$7,825 -- \$31,850 -- \$782.50 plus 15% of the amount over 7,825

\$31,850 -- \$77,100 -- \$4,386.25 plus 25% of the amount over 31,850

\$77,100 -- \$160,850 -- \$15,698.75 plus 28% of the amount over 77,100

\$160,850 -- \$349,700 -- \$39,148.75 plus 33% of the amount over 160,850

\$349,700

-- no limit -- \$101,469.25 plus 35% of the amount over 349,700

Schedule Y-1 — Married Filing Jointly or Qualifying Widow(er)

is over-- But not over-- The tax is:

\$0 -- \$15,650 -- 10% of the amount over \$0

\$15,650 -- \$63,700 -- \$1,565.00 plus 15% of the amount over 15,650

\$63,700 -- \$128,500 -- \$8,772.50 plus 25% of the amount over 63,700

\$128,500 -- \$195,850 -- \$24,972.50 plus 28% of the amount over 128,500

\$195,850 -- \$349,700 -- \$43,830.50 plus 33% of the amount over 195,850

\$349,700 -- no limit -- \$94,601.00 plus 35% of the amount over 349,700

Schedule Y-2 — Married Filing Separately

is over-- But not over-- The tax is:

\$0 -- \$7,825 -- 10% of the amount over \$0

\$7,825 -- \$31,850 -- \$782.50 plus 15% of the amount over 7,825

\$31,850 -- \$64,250 -- \$4,386.25 plus 25% of the amount over 31,850

\$64,250 -- \$97,925 -- \$12,486.25 plus 28% of the amount over 64,250

\$97,925 -- \$174,850 -- \$21,915.25 plus 33% of the amount over 97,925