Tax Rate By State Map

Tax Rate By State Map. Combined State and Local Sales Taxes New Report Tax Foundation collections in fiscal year 2022, the latest year for which data are available. In addition to the federal estate tax, with a top rate of 40 percent, 12 states and DC impose additional estate taxes, while six states levy inheritance taxes

A List of Tax Rates for Each State
A List of Tax Rates for Each State from www.thebalance.com

Individual income taxes are a major source of state government revenue, accounting for 33 percent of state tax collections in fiscal year 2023, the latest year for which data are available California has the highest top marginal individual income tax rate at 13.3%, followed by Hawaii and New York, both exceeding 10%

A List of Tax Rates for Each State

based on the lowest, average, or highest tax brackets This page lists state individual income tax rates for all fifty states, including brackets for those filing both as an individual and jointly with a spouse. Individual income taxes are a major source of state government revenue, accounting for 33 percent of state tax collections in fiscal year 2023, the latest year for which data are available

State Individual Tax Rates and Brackets, 2018. California's individual income tax system is highly progressive, with nine tax brackets ranging from 1% to 12.3%, plus an additional 1% surcharge for incomes over $1 million. Illinois was found to have the highest total effective tax rate at 16.58%, with households earning the state's median income paying roughly $12,270 in state and local taxes each year.

How Much Does Your State Rely on Individual Taxes?. Scroll down for a list of income tax rates by state based on the lowest, average, or highest tax brackets