Home > United States Tax Revenue Per Capita - T40 - Individual income tax - Q2 2010
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Code: T40 Individual Income Taxes Definition: Taxes on individuals measured by net income and taxes on special types of income (e.g., interest, dividends, income from intangible property, etc.). Includes: For local governments, includes wages, salaries, and other compensation earned by both residents and nonresidents, that are subject to tax collections by the reporting government. Excludes: Taxes using income from intangible property as a measure of its value as of assessment date (report at Property Taxes, code T01); income taxes on unincorporated businesses (report at Corporation Net Income, code T41); payroll taxes to finance insurance trusts programs, such as Social Security taxes (report at appropriate Social Insurance Trust Revenue code); and city gross earnings taxes (report at Taxes, NEC, code T99). Special Consideration: This category includes combined individual and corporation income taxes where proceeds could not be separated in older, historical data. Category: Income Taxes Category Description: Taxes levied on the gross income of individuals or on the net income of corporations and businesses (i.e., after allowable deductions). Deduct refunds of taxes from gross collections even if they were recorded as tax revenue in a previous fiscal year. Source: U.S. Census Bureau Note: Not all states report all tax types. If the amount is zero for all time, then it is likely that the state does not report or collect the chosen tax type. |
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