Leonarda F. Wolfe

2025 Income Tax Brackets And Tax Rate. You pay tax as a percentage of your income in layers called tax brackets. Your taxable income and filing status determine both the tax rate and bracket that apply to you, outlining the amount you’ll owe on different portions of your income.

As your income goes up, the tax rate on the next. The withholding tax rate on mutual fund income for resident individuals has been set at 10%.however, if the annual income from mutual.