7 States With No Income Tax: A map <a href="http://taxfoundation.org/blog/top-state-income-tax-rates-2014">from the Tax Foundation</a> showing the highest marginal tax rate in each state for the year 2014. The seven states with no income tax appear in gray.
The Internal Revenue Service (IRS) has announced the annual inflation adjustments for a number of provisions for the year 2016, including tax rate schedules, tax tables and cost-of-living adjustments for certain tax items. If you're looking for 2016 tax rates, here you go!
If you sell one of these assets – such as vehicles, stocks, bonds, collectibles, jewelry, precious metals, or real estate – and you sell it at a gain, you’ll pay a capital gain tax rate on some of the proceeds. Capital gain rates can be just as high as regular income taxes. Therefore, it’s worth exploring every possible strategy to keep these taxes at a minimum.