Flat Tax Rate Penalty

Base Income
$ 0 $ 30,000 $ 50,000 $ 80,000 $ 180,000 Amount Owed
Alternate 1 0.0% 5.0% 9.0% 14.0% 22.0% $ 0
Alternate 2 0.0% 6.0% 10.0% 16.0% 26.0% 100
1,000
State Allowance 5,000
MA $ 2,200 10,000
NH $ 800 50,000
VT $ 650

Actual
Taxable State of Withhold- Estimated Actual Tax Flat Tax Flat Tax
ID # Income Residence ing Paid Taxes Paid Owed Alternate 1 Alternate 2
1 $ 103,300 MA $ 10,235 $ 0 $ 14,954
2 $ 53,003 MA 6,423 0 6,400
3 $ 87,925 NH 6,384 0 16,589
4 $ 525,000 VT 0 93,225 130,415
5 $ 65,488 VT 9,402 0 6,412
6 $ 193,000 VT 12,345 0 48,750
7 $ 29,200 MA 2,310 0 259
8 $ 52,700 MA 0 7,200 4,955
9 $ 96,400 NH 18,000 0 19,192
10 $ 76,200 OH 6,703 4,000 8,725

Total Revenues:
Penalty

Penalty %
0
3%
5%
7%
10%
15%

Actual Actual Penalty Penalty

Unpaid Unpaid Tax Unpaid Tax Penalty Alternate Alternate State
Tax Alternate 1 Alternate 2 Owed 1 2 Allowance