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State. Tax Rate Range. Income Range for Tax Brackets. Alabama. 3 Brackets: 2% to 5%. $500 to $3,001. Arkansas. 5 Brackets: 2% to 4.9%. $5,100 to $87,000. California
The economy of Arkansas produced $176.24 billion of gross domestic product in 2023. [1] Six Fortune 500 companies are based in Arkansas, including the world's #1 corporation by revenue, Walmart. [8] Arkansas's per capita income for 2023 was $54,347, and the median household income was $55,432, which ranked 47th among U.S. states. [2] [9]
Here’s what you need to know about state income tax rates, including states with no income tax. ... Arkansas. 0.00%-3.40% = $0-$22,200. 0.00%-3.40% = $0-$22,200. 0.75% – 6.00% = $22,200 ...
Arkansas, individual and corporate, from 1929; ... 2023. The top rate beginning January 1, 2023 had been retroactively reduced to 4.7% during the spring 2023 regular ...
Median household income and taxes State Tax Burdens 2022 % of income. 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.
Arkansas. Residents of ... Starting in 2024, 50% of the income is exempt, higher than the 25% exemption in 2023. In tax year 2025, 75% will be exempt, and IRA income will be 100% exempt from 2026 ...
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