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WTF state taxes

Old 02-19-2012, 02:15 PM
  #31  
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Re: WTF state taxes

Originally Posted by MustangEater82 View Post
I don't mind state taxes... especially since with them I still live in one of the least taxed states.
How do you figure? You pay 7% income tax in SC. And sales tax looks to be about the same 6-8%. In other words, not low.

California tops out at 9% income tax, but you have to earn about $48,000+ before that kicks in. South Carolina's top bracket kicks in around $14,000.

Go back to Florida!
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Old 02-19-2012, 02:26 PM
  #32  
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Re: WTF state taxes

Originally Posted by Gord's Green Z28 View Post
California tops out at 9% income tax, but you have to earn about $48,000+ before that kicks in.
Correction:

If your income range is between $0 and $7,168, your tax rate on every dollar of income earned is 1%.
If your income range is between $7,169 and $16,994, your tax rate on every dollar of income earned is 2%.
If your income range is between $16,995 and $26,821, your tax rate on every dollar of income earned is 4%.
If your income range is between $26,822 and $37,233, your tax rate on every dollar of income earned is 6%.
If your income range is between $37,234 and $47,055, your tax rate on every dollar of income earned is 8%.
If your income range is between $47,056 and $1,000,000, your tax rate on every dollar of income earned is 9.3%.
If your income range is $1,000,001 and over, your tax rate on every dollar of income earned is 10.3%.
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