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State income tax systems fall into three broad categories: fixed or flat income taxes, progressive income taxes and no income taxes. ... Connecticut. 7 Brackets: 2% to 6.99%. $0 to $1,000,001 ...
Median household income and taxes State Tax Burdens 2022 % of income. 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.
Connecticut. Single Filer Tax Rates by Bracket. 2% > $0. ... Flat Income Tax Rate: 4.7% for filers earning more than $10,000. ... No state income tax.
The only subsequent individual income tax instituted to date is Connecticut's, from 1991, replacing the earlier intangibles tax. ... State individual income tax rates ...
Tax rates vary by state and locality, and may be fixed or graduated. Most rates are the same for all types of income. State and local income taxes are imposed in addition to federal income tax. State income tax is allowed as a deduction in computing federal income, but is capped at $10,000 per household since the passage of the 2017 tax law ...
Connecticut. Connecticut’s state income tax rate ranges from 2 percent to 6.99 percent. Connecticut taxpayers whose adjusted gross income is $75,000 or less (individuals and married filing ...
After a 2024 tax cut, Connecticut’s state income tax rate now ranges from 2% to 6.99%, depending on your income bracket. If your adjusted gross income is less than $75,000 as a single filer or ...
As of 2012, Connecticut residents had the second highest rate in the nation of combined state and local taxes after New York, at 12.6% of income compared to the national average of 9.9% as reported by the Tax Foundation.