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State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. These tax rates vary by state and by entity type. Taxable income conforms closely to federal taxable income in most states with limited modifications. [2]
State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table includes the per capita tax collected at the state level.
The United States federal government and most state governments impose an income tax. They are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total income less allowable deductions. Income is broadly defined. Individuals and corporations are directly taxable, and estates and trusts may ...
For example, the District of Columbia — which raised income taxes in 2021— saw its population downsize an estimated 2.8% between April 2020 and July 2021, while New York, which has some of the ...
10. California Median household income: $75,235 Total taxes paid: $31,203.44 Total tax burden: 41.47% Total Annual income text paid: $19,037.48 Total annual property tax paid: $4,587.90 Total ...
Income in theUnited States of America. This is a list of U.S. states, territories, and Washington, D.C. by income. Data is given according to the 2021 American Community Survey (ACS) 1-Year Estimates, except for the American Samoa, Guam, the Northern Mariana Islands and the U.S. Virgin Islands, for which the data comes from 2010, as ACS does ...