is there an income tax in kentucky...what is it if there is.. ty dan?

3 Answers

  • 1 decade ago
    Favorite Answer

    Yes, there is an income tax in Kentucky.

    It is progressive (meaning that lower income people pay a smaller percent of their gross) and caps at about 6%.

    Note: Federal Tax has a "capital gains" tax on profit from certain investments. The capital gains tax is 15%, while ordinary income is taxed as high as 35%. Kentucky has no such distinction, all income is taxed as ordinary income.

  • 1 decade ago

    Yes there is an income tax in Kentucky. I don't know what you mean when you ask what is is. The sales tax is 6% if that's what you're asking.

  • 1 decade ago

    yes, 1%.

    Your welcome.

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