Proposed Graduated Income Tax as Outlined in SB687

Rate
4.75%
4.90%
4.95%
7.75%
7.85%
7.99%

Single Filers
Income Range
$0 - $10,000
$10,001 - $100,000
$100,001 - $250,000
$250,001 - $500,000
$500,001 - $750,000
Over $750,000*

Married Filing Jointly
Rate
Income Range
4.75% $0 - $10,000
4.90% $10,001 - $100,000
4.95% $100,001 - $250,000
7.75% $250,001 - $500,000
7.85% $500,001 - $1,000,000
7.99% Over $1,000,000*

*Over this income threshhold, all income is taxed at 7.99%.