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2. State income tax - Wikipedia

   en.wikipedia.org/wiki/State_income_tax

   Michigan abolished its corporate income tax in 1975, ... 2022, the top personal income tax rate was reduced to 4.9% retroactively effective to January 1, 2022 ...

3. State tax levels in the United States - Wikipedia

   en.wikipedia.org/wiki/State_tax_levels_in_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 ...

4. 3 big changes coming to 2023 Michigan income tax returns ...

   www.aol.com/3-big-changes-coming-2023-120337411.html

   The flat income tax rate on state of Michigan returns was 4.25% in 2022. And it will be down to 4.05% in 2023. So you should owe slightly less state income taxes or receive a bigger refund, if you ...

5. Corporate tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Corporate_tax_in_the...

   The present rate of tax on corporate income was adopted in the Tax Reform Act of 1986. [15] In 2010, corporate tax revenue constituted about 9% of all federal revenues or 1.3% of GDP. [16] The corporate income tax raised $230.2 billion in fiscal 2019 which accounted for 6.6 percent of total federal revenue and had seen a change from 9 percent ...

6. States that tax Social Security benefits — including changes ...

   www.aol.com/finance/states-that-tax-social...

   Colorado. Colorado reduced its income tax rate to 4.25% in May 2024, down from 4.4% in 2023. But if you turn 55 during the tax year, you can write off up to $20,000 in Social Security benefits. As ...

7. Here’s the Income Tax in Every State - AOL

   www.aol.com/income-tax-every-state-130111174.html

   Michigan. Flat Income Tax Rate: 4.25%. Standard Deduction (Single): NA. ... Flat Income Tax Rate: 7% on capital gains income only. Standard Deduction (Single): $250,000.