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1 Morgan Scarboro, State Individual Income Tax Rates and Brackets for 2018 1 (2018)

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                             State Individual Income Tax Rates

                             and Brackets for 2018

FISCAL
FACT                         Morgan   Scarboro
No. 576                      PolicyAnalyst
March  2018

                             Key Findings:

                                *  Individual income taxes are a major source of state government revenue,
                                   accounting for 37 percent of state tax collections.

                                *  Forty-three states levy individual income taxes. Forty-one tax wage and
                                   salary income, while two states-New   Hampshire  and Tennessee-exclusively
                                   tax dividend and interest income. Seven states levy no income tax at all.

                                *  Of those states taxing wages, eight have single-rate tax structures, with one
                                   rate applying to all taxable income. Conversely, 33 states levy graduated-rate
                                   income  taxes, with the number of brackets varying widely by state. Hawaii
                                   now  has 12 brackets, the most in the country.

                                *  States' approaches to income taxes vary in other details as well. Some states
                                   double their single-bracket widths for married filers to avoid the marriage
                                   penalty. Some states index tax brackets, exemptions, and deductions for
                                   inflation; many others do not. Some states tie their standard deductions and
                                   personal exemptions  to the federal tax code, while others set their own or
                                   offer none at all.




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