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Retirement tax questions
There is no 11% tax bracket. The brackets are 10%, 12%, 22% and so forth. When your taxable income reaches the top of the 12% bracket, any income above that amount is taxed at 22%.
Here are the brackets for certain income amounts based on your filing status:
2018 Taxable Income Brackets and Rates
2018 Marginal Tax Rate Single and MFS Filers Married Joint Filers Head of Household Filers
10% $0–$9,525 $0–$19,050 $0–$13,600
12% $9,526–$38,700 $19,051–$77,400 $13,601–$51,800
22% $38,701–$82,500 $77,401–$165,000 $51,801–$82,500
24% $82,501–$157,500 $165,001–$315,000 $82,501–$157,500
32% $157,501–$200,000 $315,001–$400,000 $157,501–$200,000
35% $200,001–$500,000 (S) $400,001–$600,000 $200,001–$500,000
$200,001–$300,000 (MFS)
37% Over $500,000 (S) Over $600,000 Over $500,000
Over $300,000 (MFS)