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Connecticut's corporate income tax rate is 7.5%. Delaware Personal income tax. Single or married filing separately (2021) Income Level Rate $0-$1,999 0% $2,000-$4,999 ...
Retirees 55 to 64 can deduct up to $20,000 in retirement income. Connecticut: ... can be added to your taxable income for the year, and from there, the IRS will tax it at your normal income tax rate.
Connecticut’s state income tax rate ranges from 2 percent to 6.99 percent. In general, Social Security benefits that are taxable at the federal level are also subject to Connecticut income tax.
The total gross state product for Connecticut for 2012 was $229.3 billion, up from $225.4 billion in 2011. [1] Connecticut's per capita personal income in 2013 was estimated at $60,847, the highest of any state. [2] There is, however, a great disparity in incomes throughout the state; after New York, Connecticut had the second largest gap ...
Taxation in the United States. 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 ...
Filing status and income level play a big role in state taxation in Connecticut, where rates can range from 3% to 6.99%. In some cases, some or all of your Social Security income can be state tax ...
As of 2012, Connecticut residents had the second highest rate in the nation of combined state and local taxes after New York, at 12.6% of income compared to the national average of 9.9% as reported by the Tax Foundation.
Overall, five individuals and 11 businesses owe at least $1 million each in various categories, including the state income tax, sales, corporation, and pass-through entity taxes. Forty-four of the ...