Taxes Under the 2018 Tax Reform.
Your marginal federal income tax rate changed from 25.00% to 24.00%.
Your effective federal income tax rate changed from 18.19% to 15.51%.
What are California tax brackets?
California has ten marginal tax brackets, ranging from 1% (the lowest California tax bracket) to 13.3% (the highest California tax bracket).
Which states pay the most in taxes?
The 10 highest income tax states for 2018 are:
- California 13.3%
- Hawaii 11%
- Oregon 9.9%
- Minnesota 9.85%
- Iowa 8.98%
- New Jersey 8.97%
- Vermont 8.95%
- District of Columbia 8.95%
How much does California receive in federal funding?
Federal Funds and California’s Budget. California receives a lot of direct funding—more than $100 billion—from the federal government.
Photo in the article by “Flickr”