NC Has 11th Highest Income Tax Rate in U.S.
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Our top rate is now 7.75%, just slightly under Idaho’s top rate of 7.8%. Even New York has a lower top rate. Before our top rate of 8.25% expired, we were tied for 9th place with Hawaii.
The top 10 States (including Washington D.C.):
1. CA – 10.3%
2. RI – 9.9%
3. VT – 9.5%
4. OR – 9.0%
5. IA – 8.98%
6. NJ – 8.97%
7. ME – 8.5%
8. DC – 8.5%
9. HI – 8.25%
10. ID – 7.8%
As for our lowest rate of 6% – we are the highest in the United States! That’s right – number one. No State has a higher lowest income tax rate than North Carolina.
