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- State_income_tax abstract "Most individual U.S. states collect a state income tax in addition to federal income tax. In addition, some local governments impose an income tax, often based on state income tax calculations. Forty-three states and many localities in the United States impose an income tax on individuals. Forty-seven states and many localities impose a tax on the income of corporations.State income tax is imposed at a fixed or graduated rate on the taxable income of individuals, corporations, and certain estates and trusts. The rates vary by state. Taxable income conforms closely to federal taxable income in most states, with limited modifications. The states are prohibited from taxing income from federal bonds or other obligations. Most do not tax Social Security benefits or interest income from obligations of that state. Several states require different useful lives and methods be used by businesses in computing the deduction for depreciation. Many states allow a standard deduction or some form of itemized deductions. States allow a variety of tax credits in computing tax.Each state administers its own tax system. Many states also administer the tax return and collection process for localities within the state that impose income tax.State income tax is allowed as a deduction in computing federal income tax, subject to limitations for individuals.".
- State_income_tax thumbnail 19237_TaxFoundation_v2.gif?width=300.
- State_income_tax wikiPageExternalLink state-income-tax-rates-by-state.
- State_income_tax wikiPageExternalLink P111921.asp?GT1=7828.
- State_income_tax wikiPageExternalLink tax.
- State_income_tax wikiPageExternalLink table.
- State_income_tax wikiPageExternalLink 0,,id=99021,00.html.
- State_income_tax wikiPageExternalLink ind_inc.pdf.
- State_income_tax wikiPageExternalLink 228.html.
- State_income_tax wikiPageExternalLink 230.html.
- State_income_tax wikiPageID "1416094".
- State_income_tax wikiPageRevisionID "603883435".
- State_income_tax hasPhotoCollection State_income_tax.
- State_income_tax subject Category:Income_taxes.
- State_income_tax subject Category:State_taxation_in_the_United_States.
- State_income_tax type Abstraction100002137.
- State_income_tax type Charge113400798.
- State_income_tax type IncomeTax113310230.
- State_income_tax type IncomeTaxes.
- State_income_tax type Levy113308864.
- State_income_tax type Liabilities113396054.
- State_income_tax type Possession100032613.
- State_income_tax type Relation100031921.
- State_income_tax type Tax113308999.
- State_income_tax comment "Most individual U.S. states collect a state income tax in addition to federal income tax. In addition, some local governments impose an income tax, often based on state income tax calculations. Forty-three states and many localities in the United States impose an income tax on individuals.".
- State_income_tax label "State income tax".
- State_income_tax sameAs m.04_qtl.
- State_income_tax sameAs Q7603703.
- State_income_tax sameAs Q7603703.
- State_income_tax sameAs State_income_tax.
- State_income_tax wasDerivedFrom State_income_tax?oldid=603883435.
- State_income_tax depiction 19237_TaxFoundation_v2.gif.
- State_income_tax isPrimaryTopicOf State_income_tax.
