2006-12-30 01:00:08 · 3 answers · asked by danfurnari 1 in Business & Finance ➔ Taxes ➔ India
Yes, there is an income tax in Kentucky.
It is progressive (meaning that lower income people pay a smaller percent of their gross) and caps at about 6%.
Note: Federal Tax has a "capital gains" tax on profit from certain investments. The capital gains tax is 15%, while ordinary income is taxed as high as 35%. Kentucky has no such distinction, all income is taxed as ordinary income.
2006-12-30 01:04:36 · answer #1 · answered by David545 5 · 0⤊ 0⤋
Yes there is an income tax in Kentucky. I don't know what you mean when you ask what is is. The sales tax is 6% if that's what you're asking.
2006-12-30 09:02:23 · answer #2 · answered by zil28ennov 6 · 0⤊ 0⤋
yes, 1%.
Your welcome.
2006-12-30 09:02:15 · answer #3 · answered by Dennis Fargo 5 · 0⤊ 1⤋