Income Tax Calculator 1.4 Free download

This tax calculator estimates US federal income tax and finds tax brackets. Actually Tax brackets shows percentage of tax that you pay on additional income. Its means that if you're taxable income is higher than your federal tax rate will also be higher. For example if you earn an additional amount of $1000 and you are in 28% bracket than you would have to pay additional $280 in federal taxes. Its key features are these: it shows an average tax rate, current and past tax brackets, estimates federal tax for 2000-2008 years and also shows the tax percentage that you pay to your total income.