Oil & Gas Investing > Tax Reference Information > State
Personal Income Tax
For
tax year 2005 -- as of January 1, 2005
|
|
State |
Tax Rate |
#
of |
Income Brackets |
Personal
Exemption |
Federal
Tax Ded. |
Low |
High |
Brackets |
Low |
High |
Single |
Married |
Child |
ALABAMA |
2.0 |
5.0 |
3 |
500(b) |
3,000(b) |
1,500 |
3,000 |
300 |
* |
ALASKA |
No
State Income Tax
|
ARIZONA |
2.87 |
5.04 |
5 |
10,000(b) |
150,000(b) |
2,100 |
4,200 |
2,300 |
|
ARKANSAS (a) |
1.0 |
7.0(e) |
6 |
3,999 |
28,500 |
20(c) |
40(c) |
20(c) |
|
CALIFORNIA (a) |
1.0 |
9.3 |
6 |
6,147(b) |
40,346(b) |
85(c) |
170(c) |
265(c) |
|
COLORADO |
4.63 |
|
1 |
-----Flat
rate----- |
-----------None----------- |
|
CONNECTICUT |
3.0 |
5.0 |
2 |
10,000(b) |
10,000(b) |
12,750(f) |
24,500(f) |
0 |
|
DELAWARE |
2.2 |
5.95 |
6 |
5,000 |
60,000 |
110(c) |
220(c) |
110(c) |
|
FLORIDA |
No
State Income Tax
|
GEORGIA |
1.0 |
6.0 |
6 |
750(g) |
7,000(g) |
2,700 |
5,400 |
2,700 |
|
HAWAII |
1.4 |
8.25 |
9 |
2,000(b) |
40,000(b) |
1,040 |
2,080 |
1,040 |
|
IDAHO (a) |
1.6 |
7.8 |
8 |
1,129(h) |
22,577(h) |
3,200(d) |
6,400(d) |
3,200(d) |
|
ILLINOIS |
3.0 |
|
1 |
-----Flat
rate----- |
2,000 |
4,000 |
2,000 |
|
INDIANA |
3.4 |
|
1 |
-----Flat rate----- |
1,000 |
2,000 |
1,000 |
|
IOWA (a) |
0.36 |
8.98 |
9 |
1,242 |
55,890 |
40(c) |
80(c) |
40(c) |
* |
KANSAS |
3.5 |
6.45 |
3 |
15,000(b) |
30,000(b) |
2,250 |
4,500 |
2,250 |
|
KENTUCKY |
2.0 |
6.0 |
5 |
3,000 |
8,000 |
20(c) |
40(c) |
20(c) |
|
LOUISIANA |
2.0 |
6.0 |
3 |
12,500(b) |
25,000(b) |
4,500(i) |
9,000(i) |
1,000(i) |
* |
MAINE (a) |
2.0 |
8.5 |
4 |
4,350(b) |
17,350(b) |
2,850 |
5,700 |
2,850 |
|
MARYLAND |
2.0 |
4.75 |
4 |
1,000 |
3,000 |
2,400 |
4,800 |
2,400 |
|
MASSACHUSETTS (a) |
5.3 |
|
1 |
-----Flat
rate----- |
3,575 |
7,150 |
1,000 |
|
MICHIGAN (a) |
3.9 |
|
1 |
-----Flat
rate----- |
3,100 |
6,200 |
3,100 |
|
MINNESOTA (a) |
5.35 |
7.85 |
3 |
19,890(j) |
63,350(j) |
3,200(d) |
6,400(d) |
3,200(d) |
|
MISSISSIPPI |
3.0 |
5.0 |
3 |
5,000 |
10,000 |
6,000 |
12,000 |
1,500 |
|
MISSOURI |
1.5 |
6.0 |
10 |
1,000 |
9,000 |
2,100 |
4,200 |
2,100 |
* (s) |
MONTANA (a) |
2.0 |
6.90 |
7 |
2,300 |
13,900 |
1,900 |
3,800 |
1,900 |
* |
NEBRASKA (a) |
2.56 |
6.84 |
4 |
2,400(k) |
26,500(k) |
101(c) |
202(c) |
101(c) |
|
NEVADA |
No
State Income Tax
|
NEW HAMPSHIRE |
State
Income Tax is Limited to Dividends and Interest
Income Only.
|
NEW JERSEY |
1.4 |
8.97 |
6 |
20,000(l) |
500,000(l) |
1,000 |
2,000 |
1,500 |
|
NEW MEXICO |
1.7 |
6.0 |
4 |
5,500(m) |
16,000(m) |
3,200(d) |
6,400(d) |
3,200(d) |
|
NEW YORK |
4.0 |
7.70 |
7 |
8,000(n) |
500,000(n) |
0 |
0 |
1,000 |
|
NORTH CAROLINA (o) |
6.0 |
8.25 |
4 |
12,750(o) |
120,000(o) |
3,200(d) |
6,400(d) |
3,200(d) |
|
NORTH DAKOTA |
2.1 |
5.54(p) |
5 |
29,050(p) |
319,100(p) |
3,200(d) |
6,400(d) |
3,200(d) |
|
OHIO (a) |
0.743 |
7.5 |
9 |
5,000 |
200,000 |
1,300(q) |
2,600(q) |
1,300(q) |
|
OKLAHOMA |
0.5 |
6.65(r) |
8 |
1,000(b) |
10,000(b) |
1,000 |
2,000 |
1,000 |
* (r) |
OREGON (a) |
5.0 |
9.0 |
3 |
2,650(b) |
6,550(b) |
154(c) |
308(c) |
154(c) |
* (s) |
PENNSYLVANIA |
3.07 |
|
1 |
-----Flat
rate----- |
-----------None----------- |
|
RHODE ISLAND |
25.0%
Federal tax liability (t)
|
SOUTH CAROLINA (a) |
2.5 |
7.0 |
6 |
2,460 |
12,300 |
3,200(d) |
6,400(d) |
3,200(d) |
|
SOUTH DAKOTA |
No
State Income Tax
|
TENNESSEE |
State
Income Tax is Limited to Dividends and Interest
Income Only.
|
TEXAS |
No
State Income Tax
|
UTAH |
2.3 |
7.0 |
6 |
863(b) |
4,313(b) |
2,400(d) |
4,800(d) |
2,400(d) |
* (u) |
VERMONT (a) |
3.6 |
9.5 |
5 |
29,900(v) |
326,450(v) |
3,200(d) |
6,400(d) |
3,200(d) |
|
VIRGINIA |
2.0 |
5.75 |
4 |
3,000 |
17,000 |
800 |
1,600 |
800 |
|
WASHINGTON |
No
State Income Tax
|
WEST VIRGINIA |
3.0 |
6.5 |
5 |
10,000 |
60,000 |
2,000 |
4,000 |
2,000 |
|
WISCONSIN |
4.6 |
6.75 |
4 |
8,840(w) |
132,580(w) |
700 |
1,400 |
400 |
|
WYOMING |
No
State Income Tax
|
DIST. OF COLUMBIA |
5.0 |
9.0(x) |
3 |
10,000 |
30,000 |
1,370 |
2,740 |
1,370 |
|
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