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  2. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    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]

  3. Economy of Minnesota - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Minnesota

    Economy of Minnesota. The economy of Minnesota produced US$472 billion of gross domestic product in 2023. [ 8] Minnesota headquartered 15 Fortune 500 companies in 2023, the largest of which were UnitedHealth Group (5th) and Target (33rd). [ 9] The per capita personal income in 2016 was $51,990, ranking sixteenth in the nation. [ 10]

  4. State Income Tax Rates Explained - AOL

    www.aol.com/state-income-tax-rates-explained...

    Here are the standard tax brackets for the states with progressive income tax rates: Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: ... Minnesota. 5.35% = $0 ...

  5. State tax levels in the United States - Wikipedia

    en.wikipedia.org/wiki/State_tax_levels_in_the...

    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 ...

  6. IRS Tax Brackets: Here’s How Much You’ll Pay in ... - AOL

    www.aol.com/finance/irs-tax-brackets-much-ll...

    Since the 2018 tax year, tax brackets have been set at 10%, 12%, 22%, 24%, 32%, 35% and 37%. In addition, beginning in 2018, the tax rates and brackets for the unearned income of a child changed ...

  7. State Income Tax Rates for 2023-2024 - AOL

    www.aol.com/state-income-tax-rates-2023...

    The federal income tax collected by the IRS applies to all Americans regardless of where you live, but the rules for state income tax rates and how those taxes are paid can be vastly different.

  8. Corporate tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Corporate_tax_in_the...

    Corporate tax is imposed in the United States at the federal, most state, and some local levels on the income of entities treated for tax purposes as corporations. Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% following the passage of the Tax Cuts and Jobs Act of 2017.

  9. List of states that tax Social Security benefits - AOL

    www.aol.com/finance/list-states-tax-social...

    Minnesota. Minnesota state income tax rates range from 5.35 percent to 9.85 percent. Minnesota allows taxpayers to subtract a portion of their Social Security payments from their adjusted income ...

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