The overall average federal tax rates of 18.0 percent in 2008 and 17.4 percent in 2009 were the lowest in the 1979–2009 period and were well below the previous low of 19.4 percent in 2003 and the average of 21.0 percent over that period.

What was the standard deduction in 2008?

$10,900
Standard Deduction Amounts

What was the federal tax rate in 1999?

Federal – 1999 Single Tax Brackets

What was the disposable income in 2008?

Personal income increased $225.7 billion, or 1.9 percent, and disposable personal income (DPI) increased $600.3 billion, or 5.7 percent, in May, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $77.4 billion, or 0.8 percent.

What was the tax rate on STC in 2007?

Secondary Tax on Companies STC will gradually be phased out and replaced by a tax on dividends. The current rate of 12,5% will reduce to 10% with effect from 1 October 2007. 2 Small Business Corporations The threshold at which Small Business Corporations are subject to income tax increases from R40 000 to R43 000.

What was the capital gains exclusion in 2007?

Newly constructed commercial buildings and upgrades will qualify for a 5% per annum depreciation allowance. Capital Gains Tax The annual capital gain/loss exclusion for individuals and special trusts is increased from R12 500 to R15 000 with effect from 1 March 2007.

Who was the Minister of Finance in 2007?

HIGHLIGHTS OF THE 2007/2008 BUDGET 21 FEBRUARY 2007 The contents of this publication incorporates the budget proposals tabled in Parliament on 21 February 2007 by Mr TA Manuel, Minister of Finance.