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The complication of applying tax codes and the risk of being taken advantage of by paid tax preparation services is diminished with the presence of over 4,000 nation-wide VITA sites. One of the focal points of VITA is raising taxpayer awareness and receipt of the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC).
Indiana imposes a flat 3.05% tax on the personal income. [1] The base taxable amount is equal to the adjusted gross income determined on a payers federal tax return. The taxable amount can be lowered by applying several income tax deductions. The largest deductions in 2013 were a $3,000 deduction for rent paid and a deduction equal to the ...
Tax is collected by the Indiana Department of Revenue. [198] Indiana has a flat state income tax rate of 3.23%. Many of the state's counties also collect income tax. The state sales tax rate is 7% with exemptions for food, prescription medications and over-the-counter medications. [199]
The median income for a household in the county was $52,504 and the median income for a family was $65,609. The per capita income for the county was $23,316. About 16.8% of the population were below the poverty line, including 24.5% of those under age 18 and 6.5% of those age 65 or over. [5]
The average American one-percenter's income of over $1.1 million is 25.3 times as much as the average income of everyone else -- $45,567. This map shows how bad income inequality is in your state ...
The median income for a household in the county was $47,697 and the median income for a family was $60,242. Males had a median income of $45,389 versus $29,891 for females. The per capita income for the county was $24,055.