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Effective corporate tax rate for OECD countries averaged between 2000 and 2005. The effective tax rate equals corporate taxes/corporate surplus. [11] Shareholders of corporations are taxed separately upon the distribution of corporate earnings and profits as a dividend. Tax rates on dividends are at present lower than on ordinary income for ...
There is an additional 1% tax (the California Mental Health Services Act tax) if your taxable income is more than $1,000,000, which results in a top income tax rate of 13.3% in California which is the highest statewide income tax rate in the United States. [42] The standard deduction is $4,601 for 2020. [43]
3 State individual income tax rates and brackets. 4 ... California: 52,347,262: 34.60%: ... ^ Includes both personal and business income ^ Only includes taxes ...
California’s tax rate is 8.84%, below four other states, but well above North Carolina’s nationally-lowest rate of 2.5%. California is notably hurt by its income tax rates.
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Californians pay the highest marginal state income tax rate in the country -- 13.3%, according to Tax Foundation data. But California has a graduated tax rate, which means your rate increases with...
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