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Righty
Social Studies
28 November, 00:32
Define: state income tax
Why is it imposed?
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Shyann Boyle
28 November, 00:53
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Tax levied on income at the state level. State income taxes have their own set of deductions and credits that may be awarded for certain activities, such as contributing to a state-sponsored 529 plan.
State Income Tax is Imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts.
The rates also vary by state.
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