The 10 U.S. states where people earning $75,000 owe the most in taxes—none are New York or California (via CNBCMakeIt)
Single filers earning $75,000 a year will pay nearly $6,000 in state income taxes in Oregon, the most of any U.S. state, according to Tax Foundation data provided to CNBC Make It.
only applies to income above a $125,000 threshold, so any earnings below that amount are taxed at a lower rate. A flat tax means every resident pays the same rate, regardless of income. Additionally, every dollar is taxed, unlike some marginal tax states where low earners are exempt from paying taxes.. These calculations use effective tax rates, which represent the actual percentage you pay on all taxable income.Mississippi :As mentioned above, with marginal tax rates, you only incur higher rates on income past a certain threshold.
The effective tax rate in Oregon is somewhat lowered by the state's standard deduction and a personal exemption credit worth nearly $3,000, but the overall tax burden is still the highest of all states.
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