April 14th is Tax Freedom Day in Nebraska. Every year the Tax Federation crunches numbers from each state to determine when residents have earned enough money to pay off their total tax bill for the year.
According to the Tax Foundation, Nebraska’s personal income tax system consists of four brackets and a top rate of 6.86%. That rate ranks 15th highest among states levying an individual income tax. In 2012 Nebraska’s state and local income tax collections per person was $832 which ranked 23rd highest nationally. In 2013 Nebraska’s Tax Freedom Day was April 12th.