Personal Income Tax in ArizonaApril 13, 2006
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If you are a resident or non-resident of Arizona and receive taxable income individually from property owned or business transacted in Arizona, you are subject to tax on net income. Therefore, if you are operating your business as an S corporation, partnership, limited liability company, or sole proprietorship, you will be subject to a personal income tax on your business income that passes through to you. The Arizona personal income tax rates for 2006 are as follows: | Single Person or Married Person Filing Separately | | Taxable Income | Tax Rate for Income Bracket | | $0 - $10,000 | 2.73% | | $10,001 - $25,000 | 3.04% | | $25,001 - $50,000 | 3.55% | | $50,001 - $150,000 | 4.48% | | Over $150,000 | 4.79% | | Married Persons Filing Jointly and Unmarried Head of Household | | Taxable Income | Tax Rate for Income Bracket | | $0 - $20,000 | 2.73% | | $20,001 - $50,000 | 3.04% | | $50,001 - $100,000 | 3.55% | | $100,001 - $300,000 | 4.48% | | Over $300,000 | 4.79% | The Arizona personal income tax rates for 2007 are as follows: | Single Person or Married Person Filing Separately | | Taxable Income | Tax Rate for Income Bracket | | $0 - $10,000 | 2.59% | | $10,001 - $25,000 | 2.88% | | $25,001 - $50,000 | 3.36% | | $50,001 - $150,000 | 4.24% | | Over $150,000 | 4.54% | | Married Persons Filing Jointly and Unmarried Head of Household | | Taxable Income | Tax Rate for Income Bracket | | $0 - $20,000 | 2.59% | | $20,001 - $50,000 | 2.88% | | $50,001 - $100,000 | 3.36% | | $100,001 - $300,000 | 4.24% | | Over $300,000 | 4.54% |
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