State Income Tax Rates for Virginia and Surrounding States: Tax Year 2003
Taxable Income Brackets Tax Rate Range 2.0 to 5.75 Lowest $3,000 Highest $17,000
Personal Exemptions Single $800 110 1,370 2,700 20 2,400 3,000 3,000 2,000
Virginia
Delaware (1) 2.2 to 5.95 5,000 60,000 District of Columbia (2)4.5 to 8.7 10,000 40,000 Florida No state income tax. Georgia (1) (3) 1.0 to 6.0 750 7,000 Kentucky (1) 2.0 to 6.0 3,000 8,000 Maryland (4) 2.0 to 4.75 1,000 3,000 North Carolina(5) 6.0 to 8.25 12,750 12,000 South Carolina (6) 2.5 to 7.0 2,400 12,000 Tennessee State income tax limited to dividends and interest income only. West Virginia 3.0 to 6.5 10,000 60,000 SOURCE:
Federation of Tax Administrators, Home Page. State Income Taxes. State Individual Income Tax Rates. (http://www.taxadmin.org/fta/rate/tax_stru.html)October 24, 2003. NOTES: Tax rates for tax year 2003 (as of January 1, 2003). "Taxable Income Brackets—Lowest" is the income level, in dollars, at or below which income tax is not levied. "Taxable Income Brackets—Highest" is the income level, in dollars, at or above which the income tax rate levels out into a flat rate. "Personal Exemptions" in dollars. 1. Personal exemptions are treated as tax credits. 2. Tax rate decreases are scheduled for tax years 2002 and 2003. 3. The income brackets shown are for single individuals. For married households filing separately, the same rates apply to income brackets ranging from $500 to $5,000, and for joint filers, the income brackets range from $1,000 to $10,000. 4. The top tax rate is scheduled to decline to 4.75% for tax years beginning after 2001. 5. Income brackets reported are for single individuals. For married taxpayers, the same rates apply for income under $21,250 to $100,000. Lower exemption amounts allowed for high income taxpayers.
6. South Carolina has statutory provision for automatic adjustment of income brackets, personal exemption, or standard deductions to the rate of inflation. It also allows personal exemption or standard deductions as provided in the federal Internal Revenue Code.
Personal Exemptions MarriedDependents $1,600 $800 220 2,740 5,400 40 4,800 6,000 6,000 4,000 110 1,370 2,700 40 2,400 3,000 3,000 2,000
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State Income Tax Rates for Virginia and Surrounding States: Tax Year 2001
Taxable Income Brackets Tax Rate Range 2.0 to 5.75 Lowest $3,000 Highest $17,000
Personal Exemptions Single $800 110 1,370 2,700 20 2,100 2,500 2,900 2,000 Married $1,600 220 2,740 5,400 40 4,200 5,000 5,800 4,000
Virginia
Delaware (1) 2.2 to 5.95 5,000 60,000 District of Columbia (2)5.0 to 9.0 10,000 30,000 Florida No state income tax. Georgia (1) (3) 1.0 to 6.0 750 7,000 Kentucky (1) 2.0 to 6.0 3,000 8,000 Maryland (4) 2.0 to 4.8 1,000 3,000 North Carolina(5) 6.0 to 7.75 12,750 60,000 South Carolina (6) 2.5 to 7.5 2,310 11,550 Tennessee State income tax limited to dividends and interest income only. West Virginia 3.0 to 6.5 10,000 60,000 SOURCE:
Federation of Tax Administrators, Home Page. State Income Taxes. "State Individual Income Tax Rates." (http://www.taxadmin.org/fta/rate/tax_stru.html) August 17, 2001. NOTES: Tax rates for tax year 2001 (as of January 1, 2001). "Taxable Income Brackets—Lowest" is the income level, in dollars, at or below which income tax is not levied. "Taxable Income Brackets—Highest" is the income level, in dollars, at or above which the income tax rate levels out into a flat rate. "Personal Exemptions" in dollars. 1. Personal exemptions are treated as tax credits. 2. Tax rate decreases are scheduled for tax years 2002 and 2003. 3. The income brackets shown are for single individuals. For married households filing separately, the same rates apply to income brackets ranging from $500 to $5,000, and for joint filers, the income brackets range from $1,000 to $10,000. 4. The top tax rate is scheduled to decline to 4.75% for tax years beginning after 2001. 5. Income brackets reported are for single individuals. For married taxpayers, the same rates apply for income under $21,250 to $100,000. Lower exemption amounts allowed for high income taxpayers.
6. South Carolina has statutory provision for automatic adjustment of income brackets, personal exemption, or standard deductions to the rate of inflation. It also allows personal exemption or standard deductions as provided in the federal Internal Revenue Code.
Personal Exemptions Dependents $800 110 1,370 2,700 20 2,100 2,500 2,900 2,000
State Income Tax Rates for Virginia and Surrounding States: 1998
Taxable Income Brackets Personal Exemptions
Virginia Delaware (1) District of Columbia Florida Georgia (2) Kentucky (1) Maryland North Carolina (3) South Carolina (4) Tennessee (5) West Virginia (6) SOURCE:
Rate Range 2.00 to 5.75 3.10 to 6.90 6.00 to 9.50 No state tax 1.00 to 6.00 2.00 to 6.00 2.00 to 4.95 6.00 to 7.75 2.50 to 7.00 Limited income tax 3.00 to 6.50
Lowest $3,000 2,001 10,000 750 3,000 1,000 12,750 2,280 10,000
Highest $17,000 30,000 20,000 7,000 8,000 3,000 60,000 11,400 60,000
Single $800 100 1,370 1,500 20 1,200 2,700 2,700 2,000
Married Dependents $1,600 $800 200 2,740 3,000 40 2,400 5,400 5,400 4,000 100 1,370 1,500 20 1,200 2,700 2,700 2,000
The Council of State Governments. The Book of the States 1998-99 Edition. Lexington, Kentucky: Council of State Governments, 1998 (copyright). NOTES: As of January 1, 1998. "Taxable Income Brackets—Lowest" is the income level, in dollars, at or below which income tax is not levied. "Taxable Income Brackets—Highest" is the income level, in dollars, at or above which the income tax rate levels out into a flat rate. "Personal Exemptions" in dollars. 1. Personal exemptions are treated as tax credits. 2. The tax brackets shown are for single individuals. For married households filing separately, the same rates apply to income brackets ranging from $500 to $5,000. 3. The tax brackets shown are for single individuals. For married taxpayers, the same rates apply to income brackets ranging from $21,250 to $100,000. 4. South Carolina is one of eight states with a statutory provision for the automatic adjustment of tax brackets, personal exemptions, or standard deductions to the rate of inflation.
5. Tennessee state income tax is limited to dividends and interest income only. 6. For joint returns, the tax is twice the tax imposed on half the income.
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State Income Tax Rates for Virginia and Surrounding States: 1994
Taxable Income Brackets Rate Range Lowest Highest 2.0% 5.8% $3,000 $17,000 0.0 7.7 2,000 40,000 6.0 9.5 10,000 20,000 No state tax 1.0 6.0 750 7,000 2.0 6.0 3,000 8,000 2.0 6.0 1,000 100,000 6.0 7.75 12,750 60,000 2.5 7.0 2,170 10,850 Limited income tax 3.0 6.5 10,000 60,000 Personal Exemptions Single Married Dependents $800 $1,600 $800 1,250 1,370 1,500 20 1,200 2,000 2,450 2,000 2,500 2,740 3,000 40 2,400 4,000 4,900 4,000 1,250 1,370 1,500 20 1,200 2,000 2,450 2,000
Virginia Delaware District of Columbia Florida Georgia (1) Kentucky (2) Maryland (3) North Carolina (4) South Carolina (5) Tennessee (6) West Virginia (7) SOURCE:
The Council of State Governments. The Book of the States 1994-95 Edition. Lexington, Kentucky, annual. NOTES: As of January 1, 1994. (1) The tax brackets shown are for single individuals and married households filing jointly. For married households filing separately the same rates apply to income brackets ranging from $500 to $5,000. (2) Personal exemptions are treated as tax credits. (3) The tax brackets shown are for single individuals. For married taxpayers filing jointly, the top tax rate applies to income over $150,000. The upper tax bracket expired on January 1, 1995. (4) The tax brackets shown are for single individuals. For married taxpayers, the same rates apply to income brackets ranging from $21,250 to $100,000. (5) South Carolina is one of seven states with a statutory provision for the automatic adjustment of tax brackets, personal exemptions, or standard deductions to the rate of inflation. South Carolina allows personal exemptions as provided in the IRC. (6) Tennessee taxes interest and dividends at six percent.
(7) For joint returns the tax is twice the tax imposed on half the income.