2010-2014 North Carolina estates and trusts income tax rates
|
If NC Form 407 taxable income is more than |
But not over |
The tax is |
|
$0 |
$12,750 |
6% of NC taxable income |
|
$12,750 |
$60,000 |
$765 + 7% of amount over $12,750 |
|
$60,000 |
|
$4,072.50 + 7.75% of amount over $60,000 |
NC taxable income equals federal form 1041 taxable income plus certain items taxable under NC law and minus certain items deductible under NC law but not federal tax laws See instructions for NC for 407 for details.