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The state taxes dividends and interest at 3% in 2024. The former 5% tax was decreasing by 1% each year, but a 2023 law accelerated the repeal to the start of 2025. [ 15 ] For large businesses, the 0.55% Business Enterprise Tax is essentially an income tax. The state also has a 7.5% (2024) Business Profits Tax.
The wealthiest regions of Pennsylvania are the suburban counties bordering Philadelphia, the state's most populous city. As of 2020, the wealthiest county in Pennsylvania is Chester County with a $104,161 median household income followed by Montgomery County ($93,518) and Bucks County ($93,181). While there are wealthy locations in the suburbs ...
Pennsylvania. 3.07%. 3.07%. Tennessee. 1.00% (0% for tax year 2021) ... California and Missouri both tip the scales with 10 different tax rates. And sometimes a state’s tax brackets are as easy ...
Pennsylvania had the 15th-highest state and local tax burden in the nation as of 2012, according to the Tax Foundation. [177] Residents paid a total of $83.7 billion in state and local taxes with a per capita average of $4,589 annually. Residents share 76% of the total tax burden.
As the April 18 tax deadline nears and state returns are filed, many Pennsylvania taxpayers will likely be -- or are already -- wondering how long it'll take to get their refunds this year. The...
Taxation in the United States. 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. This table includes the per capita tax collected at the ...
1215531 [ 10 ] Website. www.phila.gov. Philadelphia, colloquially referred to as Philly, is the most populous city in the U.S. state of Pennsylvania [ 11 ] and the sixth-most populous city in the nation, with a population of 1,603,797 in the 2020 census. The city is the urban core of the larger Delaware Valley, also known as the Philadelphia ...
Tax rates vary by state and locality, and may be fixed or graduated. Most rates are the same for all types of income. State and local income taxes are imposed in addition to federal income tax. State income tax is allowed as a deduction in computing federal income, but is capped at $10,000 per household since the passage of the 2017 tax law ...
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