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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 ...
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 ...
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 ...
"New Mexico’s gross receipts tax hits both goods and services, ... Colorado reduced its flat rate to 4.4 percent. New Mexico plunged from 26th in 2021 to 36th in 2022, and there it remains. ...
Oil and gas production in New Mexico, 2010–2021 A New Mexico oil ... personal income tax rates for New Mexico range from 1.7% to 4.9 ... Toggle the table of contents.
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