Arrow-right Camera
The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Clear Day 82° Clear

Eye On Boise

Of tax cuts, taxable income and household income; link to full story

Idaho state Capitol dome (Betsy Z. Russell)
Idaho state Capitol dome (Betsy Z. Russell)

Here’s a link to my full story at spokesman.com on today’s tax-cut legislation, which cleared the House Revenue & Taxation Committee this morning on a party-line vote and headed to the full House. The measure, from House Majority Leader Mike Moyle, R-Star, would lower the top rate in Idaho, for both corporate and personal income taxes, from 7.4 percent to 7.2 percent, and also exempt the first $750 of taxable income from tax, to provide a break at the lower end as well.

Almost half of Idaho’s taxpayers are in that upper bracket, which kicks in for those with taxable income of just $10,905. For a family of four taking standard deductions, that equates to a household income of $39,605; for a single person, $21,255.

Idaho’s median household income was $48,920 in 2015, according to U.S. Census data; that ranked 40th among the 50 states.



Betsy Z. Russell
Betsy Z. Russell joined The Spokesman-Review in 1991. She currently is a reporter in the Boise Bureau covering Idaho state government and politics, and other news from Idaho's state capital.

Follow Betsy online: