When Warren Financial
Services welcomes a new client, we establish a lifetime relationship.
Our goal is to grow your money through all types of investments, stocks,
bonds, mutual funds, real-estate, etc. Why would we care if your money
grows? Because we don’t sell products on commission. We only
make money by charging an annual fee. As your money grows, the annual
fee increases so both Warren Financial and you grow together. We
establish a teamwork atmosphere right from the start. |
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Income Tax Rates |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
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Single 10% |
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$0 - $7,825 |
$0 - $8,025 |
$0 - $8,350 |
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Single 15% |
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$7825 - $31,850 plus $782.50 |
$8025 - $32,500 plus $802.50 |
$8350 - $33,950 plus $835 |
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Single 25% |
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$31,850 - $77,100 plus $4,386.25 |
$32,550 - $78,850 plus $4481.25 |
$33,950 - $82,250 plus $4675 |
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Single 28% |
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$77,100 - $160,850 plus $15,698.75 |
$78,850 - $164,550 plus $16,056.25 |
$82,250 - $171,550 plus $16,750 |
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Single 33% |
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$160,850 - $349,700 plus $39,148.75 |
$164,550 - $357,700 plus $40,052.25 |
$171,550 - $372,950 plus $41,754 |
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Single 35% |
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$349,700 and up, plus $101,469.25 |
$357,700 and up, plus $103,791.75 |
$372,950 and up, plus $108,216 |
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Married Joint 10% |
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$0 - $15,650 |
$0 - $16,050 |
$0 - $16,700 |
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Married Joint 15% |
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$15,650 - $63,700 plus $1,565 |
$16,050 - $65,100 plus $1,605 |
$16,700 - $67,900 plus $1,670 |
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Married Joint 25% |
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$63,700 - $128,500 plus $8,772.50 |
$65,100 - $131,450 plus $8,962.50 |
$67,900 - $137,050 plus $9,350 |
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Married Joint 28% |
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$128,500 - $195,850 plus $24,972.50 |
$131,450 - $200,300 plus $25,550 |
$137,050 - $208,850 plus $26,637.50 |
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Married Joint 33% |
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$195,850 - $349,700 plus $43,830.50 |
$200,300 - $357,700 plus $44,828 |
$208,850 - $372,950 plus $46,741.50 |
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Married Joint 35% |
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$349,700 and up, plus $94,601 |
$357,700 and up, plus $96,770 |
$372,950 and up, plus $100,894.50 |
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Capital Gains |
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Rate for 25% and up brackets |
15% |
15% |
15% |
15% |
15% |
15% |
20% |
20% |
20% |
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Rate for 10% & 15% bracket (after May 5 2003) |
5% |
5% |
5% |
5% |
5% |
0% |
0% |
0% |
15% |
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Alternative Minimum Tax |
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Single |
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$44,350 |
$46,200 |
$46,700 |
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Joint |
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$66,250 |
$69,950 |
$70,950 |
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401k or 403b Maximum Contributions |
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Under 50 yrs old |
$12,000 |
$13,000 |
$14,000 |
$15,000 |
$15,500 |
$15,500 |
$16,500 |
$16,500 |
+ Cost of living |
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Over 50 yrs old |
$14,000 |
$16,000 |
$18,000 |
$20,000 |
$20,500 |
$20,500 |
$22,000 |
$22,000 |
+ Cost of living |
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Simple-IRA Max Contributions |
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Under 50 |
$8,000 |
$9,000 |
$10,000 |
$10,000 |
$10,500 |
$10,500 |
$11,500 |
+ Cost of living |
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Over 50 |
$9,000 |
$10,500 |
$12,000 |
$12,500 |
$13,000 |
$13,000 |
$14,000 |
+ Cost of living |
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IRA Contributions |
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Under 50 |
$3,000 |
$3,000 |
$4,000 |
$4,000 |
$4,000 |
$5,000 |
$5,000 |
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Over 50 |
$3,500 |
$3,500 |
$4,500 |
$5,000 |
$5,000 |
$6,000 |
$6,000 |
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Roth Income Limits |
Phase out rates. If your income is
within the stated band, max contrib is reduced, no contrib above the
income band |
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Single |
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$95,000 - $110,000 |
$95,000 - $110,000 |
$99,000 - $114,000 |
$101,000 - $116,000 |
$105,000 - $120,000 |
$95,000 - $110,000 |
No rollover limit |
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Married filing Jointly |
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$150,000 - $160,000 |
$150,000 - $160,000 |
$156,000 - $166,000 |
$159,000 - $169,000 |
$166,000 - $176,000 |
$150,000 - $160,000 |
No rollover limit |
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SEP IRA Limits |
Max contribution to SEP is 25% of Max
Considered Comp not to exceed Max Dollar Allocation |
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Max Dollar Allocation |
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$42,000 |
$44,000 |
$45,000 |
$46,000 |
$49,000 |
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Max Considered Comp |
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$210,000 |
$220,000 |
$225,000 |
$230,000 |
$245,000 |
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Defined Comp Plans |
Max contribution to Defined Comp is 25%
of Max Considered Comp not to exceed Max Dollar Allocation |
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Max Dollar Allocation |
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$42,000 |
$44,000 |
$45,000 |
$46,000 |
$49,000 |
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Max Considered Comp |
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$210,000 |
$220,000 |
$225,000 |
$230,000 |
$245,000 |
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Gift Tax Exclusion |
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Exclusion |
$11,000 |
$11,000 |
$11,000 |
$12,000 |
$12,000 |
$12,000 |
$13,000 |
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Federal Estate Tax |
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Top Tax Rate |
49% |
48% |
47% |
46% |
45% |
45% |
45% |
0% |
55% |
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Exclusion |
$1Million |
$1.5M |
$1.5M |
$2M |
$2M |
$2M |
$3.5M |
no estate tax |
$675,000 |
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WFS strives to be a good neighbor. The kind of
neighbor who is always helpful and courteous. We are a Christian company with
the goal of helping our fellow man.
Note: This information is not an offer or
solicitation to buy or sell securities, nor a recommendation of any particular
security.
Note: This information should only be considered
in the context of all local, state, and federal laws, including securities laws, and applicable only where allowed by those laws, and otherwise ignored
WFS attempts to provide in this newsletter
statistically accurate information as well as timely opinions. However, if you wish to unsubscribe to this newsletter, then
reply to it with a subject of "unsubscribe".
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For More Information Contact:
Warren Financial Service
7 Dowlin Forge Rd
Exton, PA 19341
Tel: 610-363-2000
FAX: 610-363-2223
Email: Warren
Financial Service
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