(March 2022) Nearly 290,000 Arkansas filers paid the top state income tax rate last year, according to a state Department of Finance and Administration document. Tax cut opponents claim only a few Arkansans pay the top rate.
A total of 289,164 Arkansas tax filers paid the top 5.9% rate in 2021, the document shows. By contrast, 236,413 filers paid the lowest (0%) rate.
The DFA document shows the largest filer groups were in low- and middle-income groups.
Income Range | Taxpayers |
$0-$4,699 | 236,413 |
$4,700-$22,900 | 535,162 |
$22,901-$38,500 | 338,232 |
$38,501-$82,000 | 483,295 |
$82,001 and Up | 289,164 |
Low- and middle-income groups will also receive the largest percentage decrease in tax as a result of income tax cutsthat took effect January 1, 2022.
Filers paying the top rate receive the second-lowest percentage decrease.
Income Range | Decrease in Tax |
$0-$4,699 | 0% |
$4,700-$22,900 | 26.2% |
$22,901-$38,500 | 21.0% |
$38,501-$82,000 | 19.1% |
$82,001 and Up | 12.0% |
— Greg Kaza |