Income Tax Brackets

2012 will be the final year in which the assumed tax cuts placed in effect by George Bush will remain in effect, until the Congress decides to extend them further. If the tax cut options placed in effect by George Bush, the income tax brackets are likely to increase substantially. At this moment, the individual tax rates are more varied, and a complete list of all the different income tax rates that are charged can be found online. The expected increase in the income tax brackets if the Congress does nothing, are not going to bode well for the people.