FIGURE 14.1 Marginal Tax Rate (%) 35 33 0 Statutory MTRs for the U.S. Personal Income Tax, 2012* A B C Taxable Income D I E The U.S. personal income tax has a six-bracket progressive rate structure. A = $8,700 for single taxpayers, $17,400 for married taxpayers filing jointly. B = $35,350 for single taxpayers, $70,700 for married taxpayers filing jointly. C=$85,650 for single taxpayers, $142,700 for married taxpayers filing jointly. D = $178,650 for single taxpayers, $217,450 for married taxpayers filing jointly. E = $388,350 single taxpayers, $388,350 for married taxpayers filing jointly. "Intervals on the Horizontal axis are not drawn to scale. The standard deduction is $4,750.00 and the personal exemption is $3050.00 MTR Bu van de A single worker has income of $40,000. She makes a $5,000 contribution to a special tax-deferred retirement plan offered by her employer. The worker claims one personal exemption for herself and has the following deductible payments: $1,000 in mortgage interest, $1,000 in state