Search results
Results from the Tech24 Deals Content Network
The Arkansas Department of Finance and Administration (commonly DFA within the state) is a department of the government of Arkansas under the Governor of Arkansas.. The DFA is a cabinet level agency in the executive branch of government responsible for providing citizens with tax, licensure, or child support service and state agencies in their administration and budgeting.
The economy of Arkansas produced $176.24 billion of gross domestic product in 2023. [ 1] Six Fortune 500 companies are based in Arkansas, including the world's #1 corporation by revenue, Walmart. [ 8] Arkansas's per capita income for 2023 was $54,347, and the median household income was $55,432, which ranked 47th among U.S. states. [ 2][ 9]
It follows that as state's per capita income rises, its tax receipt also increases. The data between changes in per capita taxes to the national averages in ratio to the changes in the per capita income to the national average has a correlation of .88 (Leonard and Walder, Page 56-57).
Volunteer Income Tax Assistance (VITA): Provides free tax help, including filing state tax returns, to anyone who makes under $55,000 per year, plus persons with disabilities and individuals who ...
For premium support please call: 800-290-4726 more ways to reach us more ways to reach us
Science and Technology Board. Arkansas Rural Development Commission. Arkansas Science and Technology Authority. Arkansas Housing Trust Fund. Arkansas State Banking Board. Arkansas Waterways Commission. Arkansas Wine Producers Council. Economic Development of Arkansas Fund Commission.
Sales taxes and excise taxes (blue), property taxes (green), state income taxes (red), and total taxes (clear). [5] Forty-three states impose a tax on the income of individuals, sometimes referred to as personal income tax. State income tax rates vary widely from state to state.
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table ...