![]() ![]() ![]() The tax determined by the application of the tax table to the aggregate of amount Y, plus all other retirement fund lump sum benefits accruing from October 2007, all retirement fund lump sum withdrawal benefits accruing from March 2009, and all other severance benefits accruing from March 2011 less.Tax on a specific retirement fund lump sum benefit or a severance benefit (lump sum or severance benefit Y) is equal to: Severance benefits consist of lump sums from or by arrangement with an employer due to relinquishment, termination, loss, repudiation, cancellation or variation of a person’s office or employment. Retirement fund lump sum benefits consist of lump sums from a pension, pension preservation, provident, provident preservation or retirement annuity fund on death, retirement, or termination of employment due to attaining the age of 55 years, sickness, accident, injury, incapacity, redundancy or termination of the employer’s trade. Retirement fund lump sum benefits or severance benefits Januthrough July 1, 2007, the Fuel Tax Rate for E-85 was 17 cents per gallon.2019 tax year (1 March 2018 – 28 February 2019) Taxable income (R) ![]() These fuels will be reported in the new Ethanol Blended Gasoline E-15 or Higher fuel group and taxed at the E-15 or Higher rate. The Ethanol Blended Gasoline E-85 fuel group should not be used for transactions occurring 7/1/20 and after. The Ethanol Blended Gasoline E-15 or Higher is a new fuel group effective 7/1/20. Rates changed to 0.4% to 9.98% over 9 taxable income brackets with the top bracket of $45,000Īll tax rates cut 10% with a range of 0.36% through 8.98% over 9 taxable income brackets with the top bracket of $45,000 indexed ($51,660)Īll tax rates cut with a range of 0.33% through 8.53% over 9 taxable income brackets with a top bracket of $73,710 (indexed annually)Īll rates are cents per gallon unless otherwise noted. One-time indexation of brackets, raising top bracket to $76,725 Rates ranging from 0.5% to 13.0% over 13 taxable income brackets with the top bracket of $75,000 Rates increased on all brackets except lowest two, rates ranging from 0.75% to 7.0% Rate changed to range from 0.75% to 4.5% over 6 taxable income brackets with the top bracket of $9,000Īdditional bracket and new top 5.25% rate introduced. Rates lowered to range from 0.75% to 3.75% over the same taxable income brackets Rates increased to range from 0.8% to 4.0% over 5 taxable income brackets with the top bracket lowered to $4,000 Rates lowered to range from 0.75% to 3.75% over 5 taxable income brackets with top bracket raised to $5,000 Graduated rates imposed ranging from 1.0% to 5.0% over 5 taxable income brackets with a top bracket of $4,000 ![]()
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