Boston Real Estate Investors Association

State Individual Income Tax Rates & Brackets for 2022

State Individual Income Tax Rates & Brackets for 2022

According to recent data from the Tax Foundation individual income taxes are a major source of state government revenue, and account for roughly 36% of state tax collections with forty-two states levying individual income taxes.

 “…their prominence in public policy considerations is further enhanced in that individuals are actively responsible for filing their income taxes, in contrast to the indirect payment of sales and excise taxes.”

Click here to read the full report at the Tax Foundation.

 

The post State Individual Income Tax Rates & Brackets for 2022 appeared first on Real Estate Investing Today.

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