With the new tax bill passed by Congress in January 2013, there are now seven marginal tax brackets–10%, 15%, 25%, 28%, 33%, 35%, and 39.6%. OK, no big problem there.
Here’s the stupid thing: The only single filers who fall into the 35% marginal bracket will be those with taxable income of $398,350 to $400,000.
That’s right–there is now a tax bracket with a range of $1,650. One Thousand, Six Hundred Fifty Dollars.
You can see the new 2013 tax brackets for yourself here, courtesy of The Tax Policy Center, which estimates that fewer than 500 singles nationwide will fall into this bracket in 2013. You can also find Forbes contributor Howard Gleckman, in primo head-shaking mode, weighing in here.
I can’t make this stuff up.