- State income tax
State income tax is an
income tax in theUnited States that is levied by each individual state. Seven states choose to impose no income tax. These states areAlaska ,Florida ,Nevada ,South Dakota ,Texas ,Washington , andWyoming . Additionally,New Hampshire andTennessee limit their state income taxes todividend s and interest income only. As of2007 , the highest rate of state income tax is that ofCalifornia , with a maximum rate of 10.3%. Of those states which impose an income tax, the lowest maximum rate is that ofIllinois , which levies aflat tax of 3%. Most states (34) have a progressive income tax, where the rate rises as an income gets larger. InCalifornia , for instance, the rate begins at 1% at $6,622 in income and rises to 9.3% over $43,468. In 2005,California added a mental health tax of 1% on incomes greater than $1 million, making the marginal income tax rate inCalifornia 10.3% at the extreme income ranges.State income taxes are on top of the federal
income tax , which currently tops out at 35%, as well as payroll taxes (contributions to Social Security and Medicare). Therefore, the maximum total rate is 35% of income in the states ofFlorida ,Texas , andWashington , but 44.5% of income inVermont and 45.3% inCalifornia [ [http://www.taxadmin.org/fta/rate/ind_inc.html State income tax rates] , Tax Admin, "January 1, 2006"] , in addition to payroll taxes. However, these figures do not reflect the fact that some state and local taxes (including state income taxes) are deductible for federal tax purposes. Due toAlternative Minimum Tax , or AMT, itemization may not yield much, if any, tax savings on the federal return. For those not affected by AMT, the federal government effectively subsidizes a portion of an individual's state income tax, but only for individuals whose total deductions are greater than thestandard deduction , which means the subsidy falls almost entirely to middle class payers.In addition, some states allow cities and/or counties to impose income taxes above and beyond the federal and state income taxes. An example is
New York City , where there is both a state income tax of up to 8.14%" [ [http://dab.nfc.usda.gov/pubs/docs/taxformulas/formulas/statecitycounty/taxny/taxny.html New York State tax rate schedule] , New York State Department of Taxation and Finance] and a city income tax, up to 4.00% [ [http://dab.nfc.usda.gov/pubs/docs/taxformulas/formulas/statecitycounty/taxny-c/taxny-c.html New York City tax rate schedule] , New York State Department of Taxation and Finance] . The maximum rate in the city limits ofNew York City (as of 2007 ) is therefore 47.14% (approximately one-half of marginal income), or 1.35 times the 35.0% rate (approximately one-third of marginal income) inside "federal income tax only" cities such asSeattle ,Houston ,Dallas , andMiami .U.S. States without a personal income tax
*
Alaska – has a state corporate income tax
*Florida – has a state corporate income tax. Once had tax on "intangible personal property" held on the first day of the year (stocks, bonds, mutual funds, money market funds, etc.) but was abolished at the start of 2007. TheFlorida Constitution explicitly prohibits a personal income tax.
*Nevada
*New Hampshire – The state does have tax, at a 5% rate, on interest and dividends
*South Dakota – has a state corporate income tax on financial institutions.
*Tennessee – does have tax on income (at a 6% rate) received from stocks and bonds not taxedad valorem (Tenn Const Art II, §28). TheTennessee Supreme Court has held that a personal income tax is unconstitutional. [Evans v. McCabe]
*Texas – in May2006 , passed a franchise tax on businesses (sole proprietorships and some partnerships are exempt). TheTexas Constitution places severe restrictions on passage of a personal income tax and use of its proceeds.
*Washington – has a corporate tax called the "Business and Occupation Tax (B&O)", which is a gross receipts tax [ [http://dor.wa.gov/content/FindTaxesAndRates/BAndOTax/Default.aspx Business and Occupation] , Washington State Department of Revenue]
*Wyoming
=U.S. States with a flat rate personal income tax=[http://www.taxadmin.org/fta/rate/ind_inc.html Individual Income Tax Rates-2008]
*
Colorado 4.63%
*Illinois 3%
*Indiana 3.4%
*Massachusetts 5.3%
*Michigan 4.35%
*Pennsylvania 3.07%
*Utah 5%ee also
*
Federal tax revenue by state
*Income tax in the United States
*Sales taxes in the United States
*State tax levels
*Taxation in the United States
*US State NonResident Withholding Tax
*Federal spending and taxation across states Notes
External links
* [http://moneycentral.msn.com/content/Taxes/P111921.asp?GT1=7828 'The Best and the Worst States for Taxes'] - MSN Money
* [http://www.taxadmin.org/fta/rate/ind_inc.html State Individual Income Tax Rates] - Federation of Tax Administrators
* [http://www.accountingmajors.com/accountingmajors/tax/ Tax Links for All 50 States] - AccountingMajors.com
Wikimedia Foundation. 2010.
См. также в других словарях:
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