Tax brackets are the dollar ranges that dictate what percentage of earnings is subject to tax. The higher the tier, the higher the tax rate, which is capped at 37 percent for the biggest earners and 10 percent at the other end of the spectrum. Here are the income ranges for 2022:
37 percent: Individuals making more than $539,900, and married couples making more than $647,850.
35 percent: Individuals making more than $215,950, and married couples making more than $431,900.
32 percent: Individuals making more than $170,050, and married couples making more than $340,100.
24 percent: Individuals making more than $89,075, and married couples making more than $178,150
22 percent: Individuals making more than $41,775, and married couples making more than $83,550.
12 percent: Individuals making more than $10,275, and married couples making more than $20,550.
10 percent: Individuals making less than $10,275, and married couples making less than $20,550.