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Dallas County doesn't merely lead Iowa in its incidence of alternative minimum tax. A Tax Foundation report issued yesterday says the fast-growing county on the western edge of the Des Moines metro area leads the state in payment of all federal income taxes.
In 2004, according the the report, Dallas County filers paid on average 12.62% of their adjusted gross income in federal taxes, leading Iowa and placing 97th amount America's 3,142 or so counties. It's average tax bill of $8,224 placed it 90th nationwide.
The Peoples Democratic Republic of Johnson was Iowa's next highest-taxed county; it's 11.16% of AGI was 214th nationally, and its average bill of $5,668 was 245th. Polk County, Iowa's most populous county, was third in the state and 222nd nationally with a tax rate of 11.12% of AGI; it's average tax bill of $5,953 was actually higher than Johnson's, good enough for 213 in the nation.
The Iowa counties with the lowest taxes nationwide are all on the Missouri border. Decatur County's 4.8% of AGI average rate was the state's lowest, placing it 2,823rd nationwide. Wayne, Ringgold, Taylor and Appanoose round out Iowa's bottom five.
Links:
Tax Foundation main report page
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to