CALENDAR YEARS 2005 AND 2014 INDIVIDUAL INCOME TAX RATES
State of North Carolina INDIVIDUAL INCOME TAX FILERS AND LIABILITY - CALENDAR YEARS 2005 AND 2014 INDIVIDUAL INCOME TAX RATES- CALENDAR YEARS 2006-2015
Individual Income Tax Filers and Liability by Income Level North Carolina Taxable Income
Number of Returns
0 to $15,000.................... $15,001 to $25,000......... $25,001 to $50,000......... $50,001 to $75,000......... $75,001 to $100,000....... $100,001 to $200,000..... $200,001 and up.............
2,090,573 549,876 792,670 398,408 226,544 279,910 116,173 4,454,154
Calendar Year 2014 % of Tax Total Liability 46.9% 12.4% 17.8% 8.9% 5.1% 6.3% 2.6% 100.0%
$
419,387,922 591,394,984 1,589,772,575 1,368,749,607 1,103,914,737 2,134,506,360 3,072,818,040 $ 10,280,544,225
% of Total
Number of Returns
4.1% 5.7% 15.5% 13.3% 10.7% 20.8% 29.9% 100.0%
1,955,376 514,930 694,238 311,340 136,413 140,037 62,132 3,814,466
Calendar Year 2005 % of Tax Total Liability
% of Total
51.3% 13.5% 18.2% 8.1% 3.6% 3.7% 1.6% 100.0%
5.2% 7.0% 18.3% 14.5% 9.3% 15.3% 30.4% 100.0%
$
438,892,867 585,357,062 1,541,020,371 1,220,935,516 778,913,320 1,288,851,509 2,555,930,408 $ 8,409,901,053
Note: Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presented are intended to provide alternative information regarding the sources of the State's revenue. Calendar year 2014 is the most recent year for which data are available.
Individual Income Tax Rates - Last 10 Years Tax Year Married - Joint: Taxable income Tax rate Married - Separate: Taxable income Tax rate Head of Household: Taxable income Tax rate Single: Taxable income Tax rate Tax Year Married - Joint: Taxable income Tax rate Married - Separate: Taxable income Tax rate Head of Household: Taxable income Tax rate Single: Taxable income Tax rate
Calendar Years 2006 Bracket 1 Bracket 2
Bracket 3
Bracket 4
$1-$21,250 $21,251-$100,000 6% 7%
$100,001-$200,000 7.75%
> $200,000 8.25%
$1-$10,625 6%
$10,626-$50,000 7%
$50,001-$100,000 7.75%
> $100,000 8.25%
$1-$17,000 6%
$17,001-$80,000 7%
$80,001-$160,000 7.75%
> $160,000 8.25%
$1-$12,750 $12,751-$60,000 6% 7% Calendar Year 2007 Bracket 1 Bracket 2
$60,001-$120,000 7.75%
> $120,000 8.25%
Bracket 3
Bracket 4
$1-$21,250 $21,251-$100,000 6% 7%
$100,001-$200,000 7.75%
> $200,000 8%
$1-$10,625 6%
$10,626-$50,000 7%
$50,001-$100,000 7.75%
> $100,000 8%
$1-$17,000 6%
$17,001-$80,000 7%
$80,001-$160,000 7.75%
> $160,000 8%
$1-$12,750 6%
$12,751-$60,000 7%
$60,001-$120,000 7.75%
> $120,000 8%
Source: North Carolina Department of Revenue
280
Temporary Rate Increase Effective for the tax years January 1, 2001 through December 31, 2003, the General Assembly temporarily raised the highest individual income tax rate from 7.75% to 8.25%. This temporary increase was extended in subsequent budgets. In 2006-07, the General Assembly reduced the top rate from 8.25% to 8%, effective January 1, 2007.
State of North Carolina
Table 7
Individual Income Tax Rates - Last 10 Years Tax Year Married - Joint: Taxable income Tax rate Married - Separate: Taxable income Tax rate Head of Household: Taxable income Tax rate Single: Taxable income Tax rate Tax Year Married - Joint: Taxable income Tax rate Married - Separate: Taxable income Tax rate Head of Household: Taxable income Tax rate Single: Taxable income Tax rate Tax Year Married - Joint: Taxable income Tax rate Married - Separate: Taxable income Tax rate Head of Household: Taxable income Tax rate Single: Taxable income Tax rate Married - Joint, Married - Separate, Head of Household, and Single: Taxable income Tax rate
Calendar Year 2008 Bracket 1 Bracket 2
Bracket 3
$1-$21,250 $21,251-$100,000 6% 7%
> $100,000 7.75%
$1-$10,625 $10,626-$50,000 6% 7%
> $50,000 7.75%
$1-$17,000 $17,001-$80,000 6% 7%
> $80,000 7.75%
$1-$12,750 $12,751-$60,000 6% 7% Calendar Years 2009-2010 Bracket 1 Bracket 2
> $60,000 7.75% Bracket 3
> $100,000 $1-$21,250 $21,251-$100,000 up to $250,000 7.75% 6% 7% > 250,000 > $50,000 $1-$10,625 $10,626-$50,000 up to $125,000 7.75% 6% 7% >125,000 > $80,000 $1-$17,000 $17,001-$80,000 up to $200,000 7.75% 6% 7% >200,000 > $60,000 $1-$12,750 $12,751-$60,000 up to $150,000 7.75% 6% 7% >150,000 Calendar Years 2011-2013 Bracket 1 Bracket 2 Bracket 3 $1-$21,250 $21,251-$100,000 6% 7%
> $100,000 7.75%
$1-$10,625 $10,626-$50,000 6% 7%
> $50,000 7.75%
$1-$17,000 $17,001-$80,000 6% 7%
> $80,000 7.75%
$1-$12,750 $12,751-$60,000 6% 7% Calendar Year 2014
> $60,000 7.75%
Bracket 3 Sur tax 2% 3% 2% 3% 2% 3% 2% 3%
Income Tax Surtax Expired Effective from the tax year beginning on or after January 1, 2011 North Carolina no longer has an income tax surtax.
Income Tax Rate and Base Structure Changes - Effective for tax years beginning on or after January 1, 2014, SL 2013-316 (HB998), An Act to Simplify the NC Tax Structure and to Reduce Individual and Business Tax Rates (enacted July 23, 2013) replaces the multi-tiered bracket system with a flat rate structure.
$0 5.8% Calendar Year 2015
Married - Joint, Married - Separate, Head of Household, and Single: Taxable income Tax rate
Income tax rate restrictions The State Constitution (Article V, section 2(6)) places the following limitation on the income tax: "The rate of tax on incomes shall not in any case exceed ten percent, and there shall be allowed personal exemptions and deductions so that only net incomes are taxed."
$0 5.75%
281
Individual Income Tax Filers and Liability by Income Level North Carolina Taxable Income
Number of Returns
0 to $15,000.................... $15,001 to $25,000......... $25,001 to $50,000......... $50,001 to $75,000......... $75,001 to $100,000....... $100,001 to $200,000..... $200,001 and up.............
2,090,573 549,876 792,670 398,408 226,544 279,910 116,173 4,454,154
Calendar Year 2014 % of Tax Total Liability 46.9% 12.4% 17.8% 8.9% 5.1% 6.3% 2.6% 100.0%
$
419,387,922 591,394,984 1,589,772,575 1,368,749,607 1,103,914,737 2,134,506,360 3,072,818,040 $ 10,280,544,225
% of Total
Number of Returns
4.1% 5.7% 15.5% 13.3% 10.7% 20.8% 29.9% 100.0%
1,955,376 514,930 694,238 311,340 136,413 140,037 62,132 3,814,466
Calendar Year 2005 % of Tax Total Liability
% of Total
51.3% 13.5% 18.2% 8.1% 3.6% 3.7% 1.6% 100.0%
5.2% 7.0% 18.3% 14.5% 9.3% 15.3% 30.4% 100.0%
$
438,892,867 585,357,062 1,541,020,371 1,220,935,516 778,913,320 1,288,851,509 2,555,930,408 $ 8,409,901,053
Note: Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presented are intended to provide alternative information regarding the sources of the State's revenue. Calendar year 2014 is the most recent year for which data are available.
Individual Income Tax Rates - Last 10 Years Tax Year Married - Joint: Taxable income Tax rate Married - Separate: Taxable income Tax rate Head of Household: Taxable income Tax rate Single: Taxable income Tax rate Tax Year Married - Joint: Taxable income Tax rate Married - Separate: Taxable income Tax rate Head of Household: Taxable income Tax rate Single: Taxable income Tax rate
Calendar Years 2006 Bracket 1 Bracket 2
Bracket 3
Bracket 4
$1-$21,250 $21,251-$100,000 6% 7%
$100,001-$200,000 7.75%
> $200,000 8.25%
$1-$10,625 6%
$10,626-$50,000 7%
$50,001-$100,000 7.75%
> $100,000 8.25%
$1-$17,000 6%
$17,001-$80,000 7%
$80,001-$160,000 7.75%
> $160,000 8.25%
$1-$12,750 $12,751-$60,000 6% 7% Calendar Year 2007 Bracket 1 Bracket 2
$60,001-$120,000 7.75%
> $120,000 8.25%
Bracket 3
Bracket 4
$1-$21,250 $21,251-$100,000 6% 7%
$100,001-$200,000 7.75%
> $200,000 8%
$1-$10,625 6%
$10,626-$50,000 7%
$50,001-$100,000 7.75%
> $100,000 8%
$1-$17,000 6%
$17,001-$80,000 7%
$80,001-$160,000 7.75%
> $160,000 8%
$1-$12,750 6%
$12,751-$60,000 7%
$60,001-$120,000 7.75%
> $120,000 8%
Source: North Carolina Department of Revenue
280
Temporary Rate Increase Effective for the tax years January 1, 2001 through December 31, 2003, the General Assembly temporarily raised the highest individual income tax rate from 7.75% to 8.25%. This temporary increase was extended in subsequent budgets. In 2006-07, the General Assembly reduced the top rate from 8.25% to 8%, effective January 1, 2007.
State of North Carolina
Table 7
Individual Income Tax Rates - Last 10 Years Tax Year Married - Joint: Taxable income Tax rate Married - Separate: Taxable income Tax rate Head of Household: Taxable income Tax rate Single: Taxable income Tax rate Tax Year Married - Joint: Taxable income Tax rate Married - Separate: Taxable income Tax rate Head of Household: Taxable income Tax rate Single: Taxable income Tax rate Tax Year Married - Joint: Taxable income Tax rate Married - Separate: Taxable income Tax rate Head of Household: Taxable income Tax rate Single: Taxable income Tax rate Married - Joint, Married - Separate, Head of Household, and Single: Taxable income Tax rate
Calendar Year 2008 Bracket 1 Bracket 2
Bracket 3
$1-$21,250 $21,251-$100,000 6% 7%
> $100,000 7.75%
$1-$10,625 $10,626-$50,000 6% 7%
> $50,000 7.75%
$1-$17,000 $17,001-$80,000 6% 7%
> $80,000 7.75%
$1-$12,750 $12,751-$60,000 6% 7% Calendar Years 2009-2010 Bracket 1 Bracket 2
> $60,000 7.75% Bracket 3
> $100,000 $1-$21,250 $21,251-$100,000 up to $250,000 7.75% 6% 7% > 250,000 > $50,000 $1-$10,625 $10,626-$50,000 up to $125,000 7.75% 6% 7% >125,000 > $80,000 $1-$17,000 $17,001-$80,000 up to $200,000 7.75% 6% 7% >200,000 > $60,000 $1-$12,750 $12,751-$60,000 up to $150,000 7.75% 6% 7% >150,000 Calendar Years 2011-2013 Bracket 1 Bracket 2 Bracket 3 $1-$21,250 $21,251-$100,000 6% 7%
> $100,000 7.75%
$1-$10,625 $10,626-$50,000 6% 7%
> $50,000 7.75%
$1-$17,000 $17,001-$80,000 6% 7%
> $80,000 7.75%
$1-$12,750 $12,751-$60,000 6% 7% Calendar Year 2014
> $60,000 7.75%
Bracket 3 Sur tax 2% 3% 2% 3% 2% 3% 2% 3%
Income Tax Surtax Expired Effective from the tax year beginning on or after January 1, 2011 North Carolina no longer has an income tax surtax.
Income Tax Rate and Base Structure Changes - Effective for tax years beginning on or after January 1, 2014, SL 2013-316 (HB998), An Act to Simplify the NC Tax Structure and to Reduce Individual and Business Tax Rates (enacted July 23, 2013) replaces the multi-tiered bracket system with a flat rate structure.
$0 5.8% Calendar Year 2015
Married - Joint, Married - Separate, Head of Household, and Single: Taxable income Tax rate
Income tax rate restrictions The State Constitution (Article V, section 2(6)) places the following limitation on the income tax: "The rate of tax on incomes shall not in any case exceed ten percent, and there shall be allowed personal exemptions and deductions so that only net incomes are taxed."
$0 5.75%
281
