| New Hampshire Taxes in 1998 | |||||||
| As Shares of Family Income for All Taxpayers | |||||||
| Income | Lowest | Second | Middle | Fourth | Top 20% | ||
| Group | 20% | 20% | 20% | 20% | Next 15% | Next 4% | Top 1% |
| Average Income in Group | $9,500 | $22,000 | $35,100 | $54,300 | $88,200 | $173,000 | $824,000 |
| Income | Less than | $16,200 – | $27,800 – | $43,600 – | $67,900 – | $126,000 – | $269,000 |
| Range | $16,200 | $27,800 | $43,600 | $67,900 | $126,000 | $269,000 | or more |
| Consumption taxes | 2.5% | 1.8% | 1.5% | 1.1% | 0.9% | 0.5% | 0.2% |
| Excise taxes, individuals | 2.1% | 1.5% | 1.2% | 0.9% | 0.7% | 0.4% | 0.2% |
| Excise taxes, business | 0.5% | 0.4% | 0.3% | 0.2% | 0.2% | 0.1% | 0.1% |
| Property taxes | 6.9% | 5.0% | 5.1% | 4.8% | 4.5% | 3.9% | 2.4% |
| Property taxes on families | 6.7% | 4.8% | 4.8% | 4.4% | 4.2% | 3.3% | 1.1% |
| Business property taxes | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% | 0.6% | 1.3% |
| Income taxes | 0.5% | 0.3% | 0.4% | 0.4% | 0.5% | 0.7% | 1.2% |
| Interest & Dividends Tax | 0.2% | 0.0% | 0.1% | 0.1% | 0.1% | 0.3% | 0.6% |
| Corporate Income Tax | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.6% |
| Total before Federal Itemized Offset | 9.9% | 7.1% | 7.0% | 6.3% | 5.9% | 5.1% | 3.8% |
| Federal Itemized Deduction Offset | — | –0.1% | –0.2% | –0.4% | –0.8% | –0.9% | –0.6% |
| Net Taxes after Federal Offset | 9.9% | 7.1% | 6.8% | 6.0% | 5.1% | 4.2% | 3.3% |
| HB 109 | |||||||
| As Shares of Family Income for All Taxpayers | |||||||
| Income | Lowest | Second | Middle | Fourth | Top 20% | ||
| Group | 20% | 20% | 20% | 20% | Next 15% | Next 4% | Top 1% |
| Average Income in Group | $9,500 | $22,000 | $35,100 | $54,300 | $88,200 | $173,000 | $824,000 |
| Income | Less than | $16,200 – | $27,800 – | $43,600 – | $67,900 – | $126,000 – | $269,000 |
| Range | $16,200 | $27,800 | $43,600 | $67,900 | $126,000 | $269,000 | or more |
| Consumption taxes | 2.5% | 1.8% | 1.5% | 1.1% | 0.9% | 0.5% | 0.2% |
| Excise taxes, individuals | 2.1% | 1.5% | 1.2% | 0.9% | 0.7% | 0.4% | 0.2% |
| Excise taxes, business | 0.5% | 0.4% | 0.3% | 0.2% | 0.2% | 0.1% | 0.1% |
| Property taxes | 3.9% | 2.9% | 3.0% | 2.8% | 2.7% | 2.3% | 1.7% |
| Property taxes on families | 3.7% | 2.7% | 2.7% | 2.6% | 2.4% | 1.9% | 0.7% |
| Business property taxes | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% | 0.5% | 1.1% |
| Income taxes | 0.6% | 1.6% | 1.9% | 2.2% | 2.5% | 2.9% | 3.6% |
| HB 109 Personal Income Tax | 0.3% | 1.3% | 1.5% | 1.9% | 2.2% | 2.5% | 3.0% |
| Corporate Income Tax | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.6% |
| Total before Federal Itemized Offset | 7.1% | 6.3% | 6.3% | 6.2% | 6.1% | 5.7% | 5.5% |
| Federal Itemized Deduction Offset | — | –0.0% | –0.1% | –0.3% | –0.8% | –1.1% | –1.3% |
| Net Taxes after Federal Offset | 7.1% | 6.3% | 6.2% | 5.8% | 5.3% | 4.6% | 4.2% |
| Change from Current Law BEFORE Offset | –2.9% | –0.8% | –0.7% | –0.1% | +0.2% | +0.6% | +1.7% |
| Change from Current Law AFTER Offset | –2.9% | –0.8% | –0.6% | –0.1% | +0.2% | +0.4% | +0.9% |
| SOURCE: Institute on Taxation and Economic Policy, January 1999. | |||||||