2006 tax information.

2006 Tax Information

PERSONAL EXEMPTION            $3,300 per person (none if filing as a
                              dependent)

EXEMPTION PHASEOUT            Starts at $225,750 (MFJ), $150,500
                              (H of H), $188,150 (singled,
                              $112,875 (MFS)

MAXIMUM SALARY DEFERRALS      $15,000 for 401(k), 501(c), 457 and
                              403(b) plans. ($20,000 if over 50)
                              $10,000 the Simple, $12,500 if 50 or
                              older.

MAX. RETIREMENT PLAN          IRA (Regular and Ruth*)1: $4,000; $5,000
CONTRIBUTIONS                 if  50 or older

                              Defined Contribution Plans: $44,000

                              Defined Benefit Plans: $175,000

                              * Roth phaseout begins @ $95K AGI for
                              Single; $150K for MFJ; $0 for MFS

STANDARD MILEAGE RATES        Business: 44.5c;
                              Charity $0.14/ $0.32 for Hurricane
                              Katrina; Medical/Moving $0.18

ITEMIZED DEDUCTION PHASEOUT   Starts at AGI over $150,500 (MFJ, H
                              of H, S), $75,250 (MFS)

SOCIAL SECURITY               7.65% (6.2 % SS +1.45 % Medicare)
                              SS levied on first $94,200 in wages only
                              (5,840 max. SS paid by any individual).
                              Household help: SS tax levied only after
                              $1,500 paid.

KIDDIE TAX (Children          First $850 not taxed; $850 to $1,700
under 18)                     at child's rate; over $1,700 at parents'
                              rate.

FOREIGN INCOME EXCLUSION      $80,000

SECTION 179 LIMIT             $108,000 max. aggregate, less phaseout
                              as total 179 property placed in '06
                              exceeds $430,000

CAPITAL GAINS RATES *         Assets held 1 year or less: taxed at
                              ordinary income rates

* Noncollectables             Assets held more than 1 year.
("collectables" are             * 15% for taxpayers in brackets higher
taxed at 28%)                     than 15%,
                                * 5% for taxpayers in 15% or lower tax
                                  bracket

CHILD TAX CREDIT              $1,000 for each child under age 17.
                              Phaseout begins at $75K AGI for Single;
                              $110K for MFJ and $55K for MFS.

AMT RATES                     26% of income up to $175,000
                              ($87,500 (MFS)); 28% thereafter

** AMT EXEMPTION              $42,500 (S, H of H); $62,550 (MFJ);
                              $31,275 (MFS). Phaseout begins at $150K;
                              $112.5K and $75K, respectively.

DIVIDEND INCOME               5% for 10% and 15% income tax rate
                              payers; 15% for taxpayers in brackets
                              higher than 15%

ANNUAL GIFT EXCLUSION         $12,000

ESTATE TAX EXCLUSION          $2,000,000

RETIREMENT PLAN WITHDRAWALS   Age 701/2
MANDATORY

HOME SALE EXCLUSION           $250,000(S), $ 500,000 (MFJ)

** Per IRS website, the AMT exemption amount has decreased to $33,750
($45,000 if married filing jointly or qualifying widow(er); $22,500 if
married filing separately). However, since two 2006 tax law changes
books and guides have been released and websites are not always
kept up to date will use the tax law changes posted in paper form.

ESTATES AND TRUSTS

If Taxable Income Is:    The Tax Is:

Not over $2,050          15% of taxable income
Over $2,050 but          $307.50 plus 25% of the
  not over $4,850          amount over $2,050
Over $4,850 but          $1,007.50 plus 28% of the
  not over $7,400          amount over $4,850
Over $7,400 but          $1,721.50 plus 33% of the
  not over $10,050         amount over $7,400
Over $10,050             $2,596 plus 35% of the
                           amount over $10,050

MARRIED FILING JOINT/SURVIVING SPOUSE

If Taxable Income Is:    The Tax Is:

Not over $15,100         10% of taxable income
Over $15,100 but         $1,510 plus 15% of the
  not over $61,300         amount over $15,100
Over $61,300 but not     $8,440 plus 25% of the
  over $123,750            amount over $61,300
Over $123,750 but        $24,040 plus 28% of the
  not over $188,450        amount over $123,750
Over $188;450 but        $42,170 plus 33% of the
  not over $ 336,550       amount over $188,450
Over $336,550            $91,043 plus 35% of the
                           amount over $336,550

* Standard deduction $10,300 (+$1,000 for each spouse age 65+or blind,
$2,000 for each spouse age 65+and blind.)

* Standard deduction (SD) for the dependents is the greater of $850
or earned income plus $300 (not to exceed the SD for dependent's
fling status).

HEAD OF HOUSEHOLD

If Taxable Income Is:    The Tax Is:

Not over $10,750         10% of taxable income
Over $10,750 but         $1,075 plus 15% of the
  not over $41,050         amount over $10,750
Over $41,050 but         $5,620 plus 25% of the
  not over $106;000        amount over $41,050
Over $106,000 but        $21,857.50 plus 28% of the
  not over $171,650        amount over $106,000
Over $171,650 but        $40,239.50 plus 33% of the
  not over $336,550        amount over $171,650
Over $336,550            $94,656.50 plus 35% of the
                           amount over $336,550

* Standard deduction $7,550 (+$1,250 for each spouse age 65+or blind,
$2,500 for each spouse age 65+ and blind.)

* Standard deduction (SD) for the dependents is the greater of
$850 or earned income plus $300 (not to exceed the SD for
dependent's filing status).

SINGLE

If Taxable Income Is:    The Tax Is:

Not over $7,550          10% of taxable income
Over $7,550 but          $755 plus 15% of the
  not over $30,650         amount over $7,550
Over $30,650 but         $4,220 plus 25% of the
  not over $74,200         amount over $30,650
Over $74,200 but         $15,107.50 plus 28% of the
  not over $154,800        amount over $74,200
Over $154,800 but        $37,675.50 plus 33% of the
  not over $336,550        amount over $154,800
Over $336,550            $97,653 plus 35% of the
                           amount over $336,550

* Standard deduction $5,150 (+$1,250 for each spouse age 65+or blind,
$2,500 for each spouse age 65+ and blind.)

* Standard deduction (SD) for the dependents is the greater of $850
or earned income plus $300 (not to exceed the SD for dependent's
filing status).

MARRIED FILING SEPARATE RETURNS

If Taxable Income Is:    The Tax Is:

Not over $7,550          10% of taxable income
Over $7,550 but          $755 plus 15% of the
  not over $30,650         amount over $7,550
Over $30,650 but         $4,220 plus 25% of the
  not over $61,850         amount over $30,650
Over $61,850 but         $12,020 plus 28% of the
  not over $94,225         amount over $61,850
Over $94,225 but         $21,085 plus 33% of the
  not over $168,275        amount over $94,225
Over $168,275            $45,521 plus 35% of the
                           amount over $168,275

* Standard deduction $5,150 (+$1,000 for each spouse age 65+or blind,
$2,000 for each spouse age 65+ and blind.)

* Standard deduction (SD) for the dependents is the greater of $850 or
earned income plus $300 (not to exceed the dependent's fling status).

CORPORATE TAX RATES

If Taxable Income Is:    The Tax Is:

$0 to $50,0              15%
Over $50,000 but         $7,500 plus 25% of
  not over $75,000         excess over $50,000
Over 75,000 but          $13,750 plus 34% of
  not over $100,000        amount over $75,000
Over $100,000 but not    $22,250 plus 39% of the
  over $335,000            amount over $100,000
Over $335,000 but not    $113,900 plus 34% of the
  over $10,000,000         amount over $335,000