CHICAGO, IL
Personal Income Taxes
Tax Rate Range: flat rate of 3% of federal adjusted gross income
Personal Exemptions: single-$2,000; married-$4,000; dependents-$2,000
Standard Deduction: none
Medical/Dental Deduction: health insurance and long-term care insurance premiums are deductible
Federal Income Tax Deduction: none
Retirement Income Taxes: Illinois does not tax distributions received from qualified employee benefit plans, including 401(k) plans; an Individual Retirement Account, (IRA) or a self-employee retirement plan; a traditional IRA that has been converted to a Roth IRA; the redemption of U.S. retirement bonds; state and local government deferred compensation plans; a government retirement or government disability plan, including military plans; railroad retirement income; retirement payments to retired partners; a lump sum distribution of appreciated employer securities; and the federally taxed portion of Social Security benefits.
CLEVELAND, OH
Personal Income Taxes
Tax Rate Range: low-0.587%; high-5.925%
Income Brackets: lowest-$5,000; highest-$200,000; several cities in Ohio levy municipal income taxes
Number of Brackets: 9
Personal Exemptions: * single-$1,500; married-$3,000; dependents-$1,500
Standard Deduction: none
Medical/Dental Deduction: unreimbursed medical/dental expenses, premiums for long-term care insurance, and unsubsidized health insurance premiums are deductible
Federal Income Tax Deduction: none
NEW YORK CITY
Personal Income Taxes
Tax Rate Range: low-4.0%; high-8.97%. The state has enacted two new temporary income tax rates in its 2010 budget levied on the highest-income filers. For households with taxable income above $500,000, regardless of filing status, the tax rate rises to 8.97 % from 6.85%; for those with taxable income below $500,000 but above $200,000 for single individuals, $250,000 for heads of households, and $300,000 for married couples filing joint returns, the rate increases to 7.85% from 6.85%.
Income Brackets: *lowest-$8,000; highest-$500,000
Number of Brackets: 5
Personal Exemptions: single-$0; married-$0; dependents-$1,000
Standard Deduction: single-$7,500; married filing jointly-$15,000
Medical/Dental Deduction: federal amount
Federal Income Tax Deduction: none
MIAMI, FL
Personal Income Taxes
No state income tax. ZERO.
Source: http://retirementliving.com/RLtaxes.html