8055 East Tufts Avenue, Suite 1290 Denver, CO 80237-2835 Telephone 303.771.1040 Facsimile 303.770.1120 E-mail

Tax Rates

2007 Tax Rates Single Taxpayers - Standard Deduction $5,350   10% 0 to 7,825 15% 7,826 to 31,850 25% 31,851 to 77,100 28% 77,101 – 160,850 33% 160,851 – 349,700 35% Over 349,700 Married Jointly & Surviving Spouses - Standard Deduction $10,700 10% 0 – 15,650 15% 15,651 – 63,700 25% 63,701 – 128,500 28% 128,501 – 195,850 33% 195,851 – 349,700 35% Over 349,700 Married Filing Separately - Standard Deduction $5,350 10% 0 – 7,825 15% 7,826 – 31,850 25% 31,851 – 64,250 28% 64,251 – 97,925 33% 97,926 – 174,850 35% Over 174,850 Head of Household - Standard Deduction $7,850 10% 1 – 11,200 15% 11,201 – 42,650 25% 42,651 – 110,100 28% 110,101 – 178,350 33% 178,351 – 349,700 35% Over 349,700 Estates & Trusts 15% 1 – 2,150 25% 2,151 – 5,000 28% 5,001 – 7,650 33% 7,651 – 10,450 35% Over 10,450   Miscellaneous Personal Exemption $3,400 Business equipment expensing deduction $112,000 Prior-year safe harbor for estimated taxes of higher-income 110% of your 2006 tax liability Standard mileage rate for business driving 48.5 cents Standard mileage rate for medical/moving driving 20 cents Standard mileage rate for charitable driving 14 cents Child Tax Credit $1,000 Unearned income maximum for children under 18 before kiddie tax applies $1,700 Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket 5% 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 $4,000 if under age 50 $5,000 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 eligible compensation up to $45,000 401(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