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In 2002, West Virginia had a per capita market income of $17,856, compared with $26,420 nationwide. In 2000, West Virginia had a poverty rate of 17.9%, compared to 12.4% nationwide. Fifteen counties in West Virginia were designated "distressed," and sixteen counties were designated "at-risk."
West Virginia is a landlocked state in the Southern and Mid-Atlantic regions of the United States. [note 2] It is bordered by Pennsylvania to the north and east, Maryland to the east and northeast, Virginia to the southeast, Kentucky to the southwest, and Ohio to the northwest. West Virginia is the 10th-smallest state by area and ranks as the ...
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. These tax rates vary by state and by entity type. Taxable income conforms closely to federal taxable income in most states with limited modifications. [2]
State. Tax Rate Range. Income Range for Tax Brackets. Alabama. 3 Brackets: 2% to 5%. $500 to $3,001. Arkansas. 5 Brackets: 2% to 4.9%. $5,100 to $87,000. California
State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table includes the per capita tax collected at the state level.
2020 Tax Bracket Thresholds and Marginal Rates. To compensate for inflation, tax rates change every year even when tax laws stay the same. Tax bracket thresholds for 2021 increased by about 1% ...
The three U.S. states with the lowest GDPs were Vermont ($43.1 billion), Wyoming ($50.1 billion), and Alaska ($67.1 billion). GDP per capita also varied widely throughout the United States in 2022, with New York ($105,226), Massachusetts ($99,274), and North Dakota ($96,461) recording the three highest GDP per capita figures in the U.S., while ...
According to the American Community Survey's (ACS) 2019 estimate, Utah is the most equal state when it comes to income, while New York is the most unequal by this measure, with the Gini indices, before taxes and transfer, [17] of 0.4268 and 0.5149, respectively. [18]
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