CPAide Accounting and Tax Directory

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

Individual Taxes
   Rates & Brackets:
      0.5%> $0
      1%> $1,000
      2%> $2,500
      3%> $3,750
      4%> $4,900
      5%> $7,200
      5.5%> $8,700
   Local Option IT Rate: None
   Federal Inc used as Base?: Y
   Standard Deductions: Single $3,250 / Joint $6,500
   Personal Exemptions/Credits (c): Single $1,000 / Joint $2,000 / Dependent $1,000
   Federal Tax Deductible?: N
   State Tax Deductible?: Y
   Alternative Minimum Tax (AMT)?: N

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

Miscellaneous Taxes
   Gas Tax: 17.0 cents/gallon
   Diesel Tax: 14.0 cents/gallon
   Cigarette Tax: 103.0 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): #1

Property Taxes
   Median Tax Paid on Homes (Rank): $762 (#44)
   Median Value of Homes: $105,500
   Tax as % of Home Value (Rank): 0.72% (#31)
   Median Income of Homeowner: $53,873
   Tax as % of Income (Rank): 1.41% (#44)

Sales and Use Taxes
   State Rate: 4.50%
   County & City (Weighted Ave): 3.94%
   Combined State and Ave. Local Rates (Rank): 8.44% (#4)
   General Treatment of Services: Many Taxable
   Gas Exemption: Exempt
   Grocery Exemption: Taxable