| 2005 Rates | 2006 Rates | 2007 Rates | |
| $0 | $8,025 | 10% of the amount over $0 |
| $8,025 | $32,550 | $802.50 plus 15% of the amount over 8,025 |
| $32,550 | $78,850 | $4,481.25 plus 25% of the amount over 32,550 |
| $78,850 | $164,550 | $16,056.25 plus 28% of the amount over 78,850 |
| $164,550 | $357,700 | $40,052.25 plus 33% of the amount over 164,550 |
| $357,700 | no limit | $103,791.75 plus 35% of the amount over 357,700 |
| $0 | $16,050 | 10% of the amount over $0 |
| $16,050 | $65,100 | $1,605.00 plus 15% of the amount over 15,650 |
| $65,100 | $131,450 | $8,962.50 plus 25% of the amount over 63,700 |
| $131,450 | $200,300 | $25,550.00 plus 28% of the amount over 128,500 |
| $200,300 | $357,700 | $44,828.00 plus 33% of the amount over 195,850 |
| $357,700 | no limit | $96,770.00 plus 35% of the amount over 349,700 |
| $0 | $8,025 | 10% of the amount over $0 |
| $8,025 | $32,550 | $802.50 plus 15% of the amount over 7,825 |
| $32,550 | $65,725 | $4,481.25 plus 25% of the amount over 31,850 |
| $65,725 | $100,150 | $12,775.00 plus 28% of the amount over 64,250 |
| $100,150 | $178,850 | $22,414.00 plus 33% of the amount over 97,925 |
| $178,850 | no limit | $48,385.00 plus 35% of the amount over 174,850 |
| $0 | $11,450 | 10% of the amount over $0 |
| $11,450 | $43,650 | $1,145.00 plus 15% of the amount over 11,200 |
| $43,650 | $112,650 | $5,975.00.00 plus 25% of the amount over 42,650 |
| $112,650 | $182,400 | $23,225.00 plus 28% of the amount over 110,100 |
| $182,400 | $357,700 | $42,755.00 plus 33% of the amount over 178,350 |
| $357,700 | no limit | $100,604.00 plus 35% of the amount over 349,700 |
| Personal Exemption | $3,500 |
| Business Equipment Expense Deduction | $250,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2007 tax liability |
| Standard mileage rate for business driving | 58.5 cents |
| Standard mileage rate for medical/moving driving | 19 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 |
| Unearned income maximum for children before kiddie tax applies | $1,800 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket | 15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| Maximum contribution for Traditional/Roth IRA | $5,000 if under age 50 $6,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $10,500 if under age 50 $13,000 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of compensation up to $46,000 |
| 401(k) maximum employee contribution limit | $15,500 if under age 50 $20,500 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | $2,000,000 |
| Annual Exclusion for Gifts | $12,000 |
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