The IRS yesterday released the 2006 inflation-adjusted amounts to be published in Rev. Proc. 2005-70, I.R.B. 2005-47 (Nov. 21, 2005).  Among the three dozen inflation-adjusments for 2006 are:

• Personal Exemption: $3,300
• Standard Deduction: $10,300 (married), $5,150 (single)
• Annual Gift Tax Exemption: $12,000
• Tax Rate Tables:

Married Couple Filing Jointly
Taxable Income	Tax
Not over $15,100	10%
$15,101 – $61,300	$1,510 + 15% of excess over $15,100
$61,301 – $123,700	$8,440 + 25% of excess over $61.300
$123,701 – $188,450	$24,040 + 28% of excess over $123,700
$188,451 – $336,550	$42,170 + 33% of excess over $188,450
Over $336,550	$91,043 + 35% of excess over $336,550

Unmarried Individuals
Taxable Income	Tax
Not over $7,550	10%
$7,501 – $30,650	$755 + 15% of excess over $7,500
$30,651 – $74,200	$4,220 + 25% of excess over $30.650
$74,201 – $154,800	$15,107.50 + 28% of excess over $74,200
$154,800 – $336,550	$37,675.50 + 33% of excess over $94,225
Over $336,550	$97,653 + 35% of excess over $336,550

• Unearned Income of Minor Children Subject to "Kiddie Tax":  $850
• Adoption Credit:  $10,960
• Child Tax Credit:  $11,300