A tax structure with two brackets will take effect in 2022. Rates will be set at 2.55% on up to $54,544 of joint income and $27.272 for single filers and 2.98% on more than $54,54 of joint income , and $27.272 for single filers. The rates will fall to 2.53 percent and 2.75 percent, respectively, in the event that certain amounts of state revenue exceed. The state can then set the single rate of 2.5 www.dailysportsstudy.com dailysportsstudy daily sports study Website daily sports study com percent, if an additional revenue figure is surpassed by the state.