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2007 sources of Indiana's revenue. Taxes in Indiana are almost entirely authorized at the state level, although the revenue is used to fund both local and state level government. The state of Indiana's income comes from four primary tax areas. Most state level income is from a sales tax of 7% and a flat state income tax of 3.05%. The state also ...
The other type of Swedish payroll tax is the income tax withheld , which consists of municipal, county, and, for higher income brackets, state tax. In most municipalities, the income tax comes to approximately 32 percent, with the two higher income brackets also paying a state tax of 20 or 25 percent respectively.
Forty-three states impose a tax on the income of individuals, sometimes referred to as personal income tax. State income tax rates vary widely from state to state. States imposing an income tax on individuals tax all taxable income (as defined in the state) of residents. Such residents are allowed a credit for taxes paid to other states.
All Indiana counties have a local income tax reported on Form IT-40. The rates for readers in the local area: St. Joseph (.0175), Elkhart (.02) and Marshall (.0125).
Here are the standard tax brackets for the states with progressive income tax rates: ... State Income Tax Rates Explained. Brian Nelson. ... Indiana. 3.23%. 3.23%. Kentucky. 5.00%. 5.00% ...
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