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Tax Deductions-Is Yours more than Arkansas?

  1. Michael Willis profile image79
    Michael Willisposted 7 years ago

    In Arkansas we get a standard deduction of $23 for a single person. Wow, we finally got an increase from $20. But we are taxed for everything imaginable. Even Federal Refund is considered taxable income here. (Yep, tax your taxes!)
    I am curious at what other states gives individuals for a standard deduction.

    1. rebekahELLE profile image88
      rebekahELLEposted 7 years ago in reply to this

      you're referring to your state income taxes, correct?

      florida, we have no state income taxes.

      1. Michael Willis profile image79
        Michael Willisposted 7 years ago in reply to this

        Correct! State Income Tax. I lived in Texas for a while back in the early 80's. No State tax and loved it. But it was expensive to live there. 
        Overall cost of living is way cheaper here in Arkansas, but there are taxes on everything and Legislators looking for more ways to tax every session.

      2. mod2vint profile image57
        mod2vintposted 7 years ago in reply to this

        No state taxes,but high sales tax and low wages, if your lucky enough to be employed.

  2. Rochelle Frank profile image88
    Rochelle Frankposted 7 years ago

    for Califonia-- 2009 standard deductions
    1 - Single    $3,637
    2 - Married/Registered Domestic Partner filing joint return    $7,274
    3 - Married/Registered Domestic Partner  filing separate return    $3,637
    4 - Head of household    $7,274
    5 - Qualifying widow(er)    $7,274

    1. Michael Willis profile image79
      Michael Willisposted 7 years ago in reply to this

      WOW, huge difference!!!!!

    2. Cagsil profile image60
      Cagsilposted 7 years ago in reply to this

      In Massachusetts, ours is somewhat close to the above. smile

  3. Michael Willis profile image79
    Michael Willisposted 7 years ago

    I am sure the cost of living is higher for the both of you than it is in Arkansas. Since we get no real deductions actually, I was curious about other states. Sounds like Arkansas is not the best place to be tax-wise. lol

    1. pauldeeds profile image
      71
      pauldeedsposted 7 years ago in reply to this

      Here's a comparison of all the states.  Arkansas appears to be a little above average, but certainly nowhere near the top.

      http://www.taxfoundation.org/files/stat … 091123.swf

      1. Michael Willis profile image79
        Michael Willisposted 7 years ago in reply to this

        Thanks Paul! That was a great link.

  4. Rochelle Frank profile image88
    Rochelle Frankposted 7 years ago

    $23 is an insult.

    1. Michael Willis profile image79
      Michael Willisposted 7 years ago in reply to this

      I agree. It makes no impact. It's like the State is slapping us in the face really. Guess it sounds good to them to say they give a deduction.

 
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