![]() Conversely, 30 states and the District of Columbia levy graduated-rate income taxes, with the number of brackets varying widely by state. For both individuals and corporations, taxable income differs from-and is less than-gross income. Of those states taxing wages, 11 have single-rate tax structures, with one rate applying to all taxable income Taxable income is the amount of income subject to tax, after deductions and exemptions.Seven states levy no individual income tax at all. ![]() New Hampshire exclusively taxes dividend and interest income while Washington only taxes capital gains income.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |