Tax Bill's Individual Income Tax Brackets Finally Revealed

Ryan Says Tax Plan Delivers 'Real Relief' for the Middle

House tax writers unveiled what the individual income tax brackets will be under their proposed legislation -- with a 39.6 percent rate for households making more than $1 million annually.

The 35 percent rate would apply to households making from $260,000 to $1 million, while the 25 percent rate would be for those making from $90,000 to $260,000. The 12 percent rate would apply to incomes from $24,000 to $90,000. Households making less than $24,000 wouldn’t owe any income tax.

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