Which state in USA has the highest income tax rate?

Question

Which state in USA has the highest income tax rate? And how much? Can somebody explain to me by numbers? e.g. $0 - $35,000 (per annum) have to pay 15% tax, etc.

Answer 1

The highest rate is found in Massachusetts, which has a 12% rate on out-of-state interest and dividends. Of course, most people in Massachusetts get around this by invest in Mass banks, Mass muni bonds, and low-dividend growth-oriented stocks. The effective Mass rate is more like 5 - 6 % for 99.9% of Mass residents.

Answer 2

Looks like Vermont tops out the highest, at 9.5%, but the rate is graduated so that's not for everybody. See site below for info on income tax rates on the various states.

In your example, "$0-$35,000 pays 15% could either mean that if your total is in that range, you pay 15% on all of it; or if there's a succession of brackets, like maybe "$35,001-$52,000 pays 20%" in your example, probably would mean you pay 15% on the first $35,000, then 20% on the next $17,000.

Answer 3

2004 State & Locl Revenue as a % of Personal Income is #1 Alaska 28.5%

2005 State Tax Revenue per capita #1 Vermont 11.4%

Answer 4

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Answer 5

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