STATE INCOME TAX RATES FOR TAX Y2000.
Position | Brief Article |
California's personal income tax amounts will be indexed by 3.6 percent for the 2000 tax year, says the FTB.
Indexing takes the inflation rate into account and adjusts tax brackets, filing requirement thresholds, the standard deduction, and certain credits to ensure Californians do not pay additional taxes from year to year solely due to inflation.
The minimum filing requirement thresholds are designed to ensure that most people who will not owe taxes are not required to file a tax return. The FTB adjusts these tables to include the additional senior exemption credits and the dependent exemption credits. The tax threshold -- the amount of income reached where a tax liability is incurred -- has risen to $9,286 of adjusted gross income for single taxpayers and $18,572 for married, surviving spouse and head-of-household...
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