Below follows partial list of Personal Income Statistics by State:
| States with no personal income tax | |
| Alaska | |
| Florida | |
| Nevada | |
| Texas | |
| South Dakota | |
| Washington | |
| Wyoming | |
| States with a flat rate income tax | |
| Colorado | 4.63% |
| Illinois | 5% |
| Indiana | 3.40% |
| Massachusetts | 5.30% |
| Michigan | 4.35% |
| Pennsylvania | 3.07% |
| Utah | 5% |
| State personal income tax rates | ||
| State | single persons, heads of families & married persons filing separate returns | Married filing joint returns |
| Alabama | 2 % on the first $500 of taxable income 4 % on taxable income between $501 and $3,000 5 % on all taxable income over $3,000 |
2 % on the first $1,000 of taxable income 4 % on taxable income between $1,001 and $6,000 5 % on all taxable income over $6,000 |
| Arizona | 2.59 % on the first $10,000 of taxable income 2.88 % on taxable income between $10,001 and $25,000 3.36 % on taxable income between $25,001 and $50,000 4.24 % on taxable income between $50,001 and $150,000 4.54 % on all taxable income more than $150,000 |
2.59 % on the first $20,000 of taxable income 2.88 % on taxable income between $20,001 and $50,000 3.36 % on taxable income between $50,001 and $100,000 4.24 % on taxable income between $100,001 and $300,000 4.54 % on all taxable income more than $300,000 |
| Arkanasas | 1 % on the first $3,899 of taxable income 2.5 % on taxable income between $3,900 and $7,799 3.5 % on taxable income between $7,800 and $11,799 4.5 % on taxable income between $11,800 and $19,599 6 % on taxable income between $19,600 and $32,699. 7 % on all taxable income more than $32,700 |
1 % on the first $3,899 of taxable income 2.5 % on taxable income between $3,900 and $7,799 3.5 % on taxable income between $7,800 and $11,799 4.5 % on taxable income between $11,800 and $19,599 6 % on taxable income between $19,600 and $32,699. 7 % on all taxable income more than $32,700 |
| California | 1.25 % on the first $7,060 of taxable income 2.25 % on taxable income between $7,061 and $16,739 4.25 % on taxable income between $16,740 and $26,419 6.25 % on taxable income between $26,420 and $36,675 8.25 % on taxable income between $36,676 and $46,349 9.55 % on taxable income of $46,350 and above |
1.25 % on the first $14,120 of taxable income 2.25 % on taxable income between $14,121 and $33,478 4.25 % on taxable income between $33,479 and $52,838 6.25 % on taxable income between $52,839 and $73,350 8.25 % on taxable income between $73,351 and $92,698 9.55 % on taxable income of $92,699 and above |
Source: BankRate.com
Comments are closed.