How much do you pay for individual income taxes in your state? The Tax Foundation has a map that you can use to compare tax rates. Eight states have a single-rate structure, while 33 states have graduated tax rates (the highest is California’s top marginal rate of 13.3%). Seven states have no individual income taxes, and two (NH and TN) only tax dividends and interest income.
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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