Source: Tax Policy Center, 'Individual State Income Tax Rates 2000-2015,' accessed September 29, 2015 Note: For complete notes and annotations, please see the source below. State income tax of 6% on dividends and interest income only Because some states are excluded from the rankings and a few share common uppermost rates, there are 34 numerical rankings, with 1 indicating the highest uppermost rate and 34 indicating the lowest. Numerical rankings are tabulated by excluding states with no personal income tax (as well as New Hampshire and Tennessee, which charge income tax only on dividends and interest) and are based on the highest possible tax rate for which an individual might be liable. The table below summarizes personal income tax rates for Kentucky and neighboring states in 2015. In Kentucky, there are six income tax brackets. A tax bracket is the income range to which a tax rate applies. An individual's tax liability varies according to his or her tax bracket. The personal income tax rates in Kentucky for the 2015 tax year ranged from 2 percent to 6 percent. Tax rates Personal income tax See also: Personal income tax The state's tax revenues per capita were $2,516, ranking 30th highest in the United States. In 2014, according to the Federation of Tax Administrators, Kentucky collected $11.104 billion in tax revenues.The primary types of taxes levied by state governments include personal income tax, general sales tax, excise (or special sales) taxes and corporate income tax. The rest comes from non-tax sources, such as intergovernmental aid (e.g., federal funds), lottery revenues and fees.

Tax collections comprise approximately 40 percent of the states' total revenues. States levy taxes to help fund the variety of services provided by state governments.

The state derives its constitutional authority to tax from the article 'Revenue and Taxation' of the state constitution. Kentucky generates the bulk of its tax revenue by levying a personal income tax, a general sales tax and select sales taxes (otherwise known as excise taxes). For more current information regarding tax policy, click here. The historical Kentucky tax policy information below is presented as it was written on Ballotpedia in 2015. If you would like to help our coverage grow, consider donating to Ballotpedia. This article does not contain the most recently published data on this subject. Effect of the Affordable Care Act in Kentucky.Oil and gas extraction on federal land in Kentucky.Ballot access requirements for presidential candidates in Kentucky.Ballot access requirements for political parties in Kentucky.Ballot access requirements for political candidates in Kentucky.Campaign finance requirements for Kentucky ballot measures.Campaign finance requirements in Kentucky.

Kentucky income tax brackets 2021