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Regular military salaries of New Mexico residents serving in the U.S. military are subject to the income tax, but since 2007, active-duty military salaries have been exempt from the state income tax. [7] [8] Personal income tax rates for New Mexico range from 1.7% to 5.9%, within five income brackets. [9]
Table of corporate income taxes ... State corporate income tax rates in the United States in 2010 [35] State Tax rate(s) ... New Mexico 4.8% 6.4% 7.6% $0
This table does not necessarily reflect the actual tax burdens borne directly by individual persons or businesses in a state. For example, the direct state tax burden on individuals in Alaska is far lower than the table would indicate. The state has no direct personal income tax and does not collect a sales tax at the state level, although it ...
"New Mexico’s gross receipts tax hits both goods and services, so it directly affects the cost of doing business." ... Colorado reduced its flat rate to 4.4 percent. New Mexico plunged from 26th ...
Oct. 13—SANTA FE — New Mexico voters will decide the fates of two proposals that would expand property tax exemptions for veterans who own homes in the state — and likely mean increased tax ...
2022 Long-Term Capital Gains Trust Tax Rates. Trust Tax Rates. Short-term capital gains (from assets held 12 months or less) and non-qualified dividends are taxed as ordinary income. Qualified ...
New Mexico - The gross receipts tax rate varies throughout the state from 5.125% to 8.6875% with local option taxes imposed at the city and county levels, added to the statewide base tax rate of 5%. [9] Oregon - Oregon levies a Commercial Activity Tax on businesses with more than $1 million of taxable revenue per year. This tax is equal to $250 ...
By law, the thresholds for the marginal federal income tax brackets must change each year to keep pace with inflation. For 2010, those brackets are as follows: Individual Taxpayers 10% on taxable ...