Image via Wikipedia(e) Estates and trusts
There is hereby imposed on the taxable income of—
(2) every trust,
taxable under this subsection a tax determined in accordance with the following table:
| If taxable income is: | The tax is: |
|---|---|
| Not over $1,500 | 15% of taxable income. |
| Over $1,500 but not over $3,500 | $225, plus 28% of the excess over $1,500. |
| Over $3,500 but not over $5,500 | $785, plus 31% of the excess over $3,500. |
| Over $5,500 but not over $7,500 | $1,405, plus 36% of the excess over $5,500. |
| Over $7,500 | $2,125, plus 39.6% of the excess over $7,500. |
