CPAide Accounting and Tax Directory

Credits and Incentives
   Job Credits?: Y
   R&D Credits?: Y
   Investment Credits?: Y

Individual Taxes
   Rates & Brackets:
      2.6%> $0
      3.57%> $2,400
      5.12%> $17,500
      6.84%> $27,000
   Local Option IT Rate: None
   Federal Inc used as Base?: Y
   Standard Deductions: Single $5,450 / Joint $10,900
   Personal Exemptions/Credits (c): Single $106(c) / Joint $212(c) / Dependent $106(c)
   Federal Tax Deductible?: N
   State Tax Deductible?: Y
   Alternative Minimum Tax (AMT)?: Y

Inheritance, Gift, Estate, Death Taxes
   Gift Tax?: N
   Estate Tax?: Decoupled
   Inheritance Tax?: Y
   Generation-Skipping Tax?: N

Miscellaneous Taxes
   Gas Tax: 26.9 cents/gallon
   Diesel Tax: 26.3 cents/gallon
   Cigarette Tax: 64.0 cents/20 pack

Pass-through Entities
   LLC Pass-through Recognized?: Y
   S-Corp Pass-through Recognized?: Y

Payroll Taxes
   Unemployment Insurance Tax Index (TaxFoundation.org): #15

Property Taxes
   Median Tax Paid on Homes (Rank): $2,175 (#18)
   Median Value of Homes: $126,500
   Tax as % of Home Value (Rank): 1.72% (#3)
   Median Income of Homeowner: $60,963
   Tax as % of Income (Rank): 3.57% (#11)

Sales and Use Taxes
   State Rate: 5.5%
   County & City (Weighted Ave): 1.01%
   Combined State and Ave. Local Rates (Rank): 6.51% (#27)
   General Treatment of Services: Exempt
   Gas Exemption: Exempt
   Grocery Exemption: Exempt