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How the Senate and House tax brackets compare

Key Points
  • Senate keeps seven brackets, instead of four in the House version.
  • The Senate's top tax rate has been whittled to 38.5 percent from 39.6 percent.
Sen. Orrin Hatch, R-Utah
Bill Clark | CQ Roll Call | Getty Images

Senate Republicans are keeping seven income tax brackets in their tax overhaul, but they are changing the rates that would apply to your income.

Under current law, the seven tax brackets are 10 percent, 15 percent, 25 percent, 28 percent, 33 percent, 35 percent and 39.6 percent.

In the bill passed late Thursday by the Senate Finance Committee, the new rates would be 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 38.5 percent.

The full Senate is expected to vote on the bill after Thanksgiving.

See below to get a sense of what your bracket will be next year under the proposal.

The Senate brackets

Single payers can expect the following.

Single Rates new taxes 171117 EC MERCADO

Tax Bracket Current 2017 Rates Proposed 2018 Rates
10%"0 to $9,325""0 to $9,525"
12%Not applicable"$9,525 to $38,700"
15%"$9,325 to $37,950"Not applicable
22%Not applicable"$38,700 to $70,000"
24%Not applicable"$70,000 to $160,000"
25%"$37,950 to $91,900"Not applicable
28%"$91,900 to $191,650"Not applicable
32%Not applicable"$160,000 to $200,000"
33%"$191,650 to $416,700"Not applicable
35%"$416,700 to $418,400""$200,000 to $500,000"
38.50%Not applicable"$500,000 and up"
39.60%"$418,400 and up"Not applicable

Married couples who file jointly can expect these brackets.

Married Filing Jointly rates 171117 EC MERCADO

Tax Bracket Current 2017 Rates Proposed 2018 Rates
10%"0 to $18,650""0 to $19,050"
12%Not applicable"$19,050 to $77,400"
15%"$18,650 to $75,900"Not applicable
22%Not applicable"$77,400 to $140,000"
24%Not applicable"$140,000 to $320,000"
25%"$75,900 to $153,100"Not applicable
28%"$153,100 to $233,350"Not applicable
32%Not applicable"$320,000 to $400,000"
33%"$233,350 to $416,700"Not applicable
35%"$416,700 to $470,700""$400,000 to $1 million"
38.50%Not applicable$1 million and up
39.60%"$470,700 and up"Not applicable

The House brackets

The House bill differs from the Senate in that it called for a consolidation of the tax brackets, reducing them to four from seven.

That proposal passed the House on Thursday by 227-205.

Here's how your brackets would look under the House overhaul.

Tax Reform Single Filers Mercado 171103

Tax Bracket Current 2017 Rates Proposed 2018 Rates
0%Not applicable"Up to $12,000"
10%"$0 to $9,325"Not applicable
12%Not applicable"$12,000 to $45,000"
15%"$9,325 to $37,950"Not applicable
25%"$37,950 to $91,900""Beginning at $45,000"
28%"$91,900 to $191,650"Not applicable
33%"$191,650 to $416,700"Not applicable
35%"$416,700 to $418,400""Beginning at $200,000"
39.6%"$418,400 and up""Beginning at $500,000"

Tax Reform Married Filers Mercado 171103

Tax Bracket Current 2017 Rates Proposed 2018 Rates
0%Not applicable"Up to $24,000"
10%"$0 to $18,650"Not applicable
12%Not applicable"$24,000 to $90,000"
15%"$18,650 to $75,900"Not applicable
25%"$75,900 to $153,100""Beginning at $90,000"
28%"$153,100 to $233,350"Not applicable
33%"$233,350 to $416,700"Not applicable
35%"$416,700 to $470,700""Beginning at $260,000"
39.6%"$470,700 plus""Beginning at $1,000,000"

A group of taxpayers currently in the 33 percent bracket would get bumped to 35 percent under the plan. That's because the 35 percent bracket would kick in at lower dollar amounts than the current framework.

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