Beginning in 2022, a two bracket tax rate structure will be adopted. The rates will be set at 2.55 percent for the first $54,544 of joint income and $27.272 for single filers, and 2.98 percent on over $54,54 in joint income, and $27.272 for single filers. The rates will decrease to 2.53% and 2.75 percent, respectively, if certain state revenue amounts are reached. If another www.thanksinsurance.us thanksinsurance thanks insurance Website thanks insurance us revenue level has been reached, the state will adopt the flat rate of 2.5%.
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