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2. Taxation in New Mexico - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_New_Mexico

   Regular military salaries of New Mexico residents serving in the U.S. military are subject to the income tax, but since 2007, active-duty military salaries have been exempt from the state income tax. [7] [8] Personal income tax rates for New Mexico range from 1.7% to 5.9%, within five income brackets. [9]

3. State income tax - Wikipedia

   en.wikipedia.org/wiki/State_income_tax

   The rest of the century balanced new taxes with abolitions: Delaware levied a tax on several classes of income in 1869, then abolished it in 1871; Tennessee instituted a tax on dividends and bond interest in 1883, but Kinsman reports [59] that by 1903 it had produced zero actual revenue; Alabama abolished its income tax in 1884; South Carolina ...

4. State tax levels in the United States - Wikipedia

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

   This table does not necessarily reflect the actual tax burdens borne directly by individual persons or businesses in a state. For example, the direct state tax burden on individuals in Alaska is far lower than the table would indicate. The state has no direct personal income tax and does not collect a sales tax at the state level, although it ...

5. Tax Foundation calls New Mexico tax ranking respectable - AOL

   www.aol.com/tax-foundation-calls-mexico-tax...

   "New Mexico’s gross receipts tax hits both goods ... The foundation ranks tax systems as of July 1, 2023. ... Colorado reduced its flat rate to 4.4 percent. New Mexico plunged from 26th in 2021 ...

6. 2025 Federal Income Tax Brackets and Rates: Everything You ...

   www.aol.com/irs-tax-brackets-much-ll-143030733.html

   According to the Tax Foundation, if the 2017 Tax Cuts and Jobs Act expires as scheduled in 2025, the 2026 tax brackets could reflect higher tax rates. For example, taxpayers in bracket 2 could ...

7. New Mexico tax rules get high grade on national scorecard - AOL

   www.aol.com/mexico-tax-rules-high-grade...

   Jan. 15—New Mexico was among the top six states in a national scorecard on state tax appeals and procedural requirements assembled by the Council on State Taxation. New Mexico was awarded an A ...

8. Economy of New Mexico - Wikipedia

   en.wikipedia.org/wiki/Economy_of_New_Mexico

   In 2005 the federal government spent $2.03 on New Mexico for every dollar of tax revenue collected from the state. This rate of return is higher than any other state in the United States. [21] The federal government is also a major employer in New Mexico providing more than a quarter of the state's jobs.

9. Taxes: New Mexico Residents To Get $250 and $500 Tax ... - AOL

   www.aol.com/taxes-mexico-residents-250-500...

   Residents of New Mexico -- who have already gotten several tax breaks this year -- will soon get another round of tax rebates as the state prepares to send payments totaling either $250 or $500 to...