Oklahoma
What's New
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ITEP Work in Action
October 24, 2018The Journal Record: Prosperity Policy: An Upside-down Tax System
A modestly progressive income tax slightly offsets our regressive sales taxes. But Oklahoma lawmakers cut our top income tax rate by nearly 25 percent since 2004, further tipping the scales…
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ITEP Work in Action
October 23, 2018Enid News & Eagle: A Low Tax State for Only Some Oklahomans
While Oklahoma has a reputation as a low tax state, poor and middle-income Oklahomans are actually paying a greater share of their income in taxes than the national average, while…
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ITEP Work in Action
October 21, 2018Tulsa World: Political Notebook: Report Says Oklahoma’s State and Local Taxes Among the Most Regressive in the Nation
Oklahoma’s state and local taxes are among the most regressive in the country, according to a report released last week by the Institute on Taxation and Policy.
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ITEP Work in Action
October 17, 2018Oklahoma Policy Institute: New Analysis: Low-income Taxpayers in Oklahoma Pay More than Twice the Tax Rate Paid by the Richest Oklahomans
While Oklahoma has a reputation as a low tax state, poor and middle-income Oklahomans are actually paying a greater share of their income in taxes than the national average, while… -
blog
October 17, 2018Low-Tax States Are Often High-Tax for the Poor
A new ITEP analysis reveals that many states traditionally considered to be “low-tax states” are actually high-tax for their poorest residents. The “low tax” label is typically assigned to states… -
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October 2, 2018Twelve States Offer Profitable Tax Shelter to Private School Voucher Donors; IRS Proposal Could Fix This
A proposed IRS regulation would eliminate a tax shelter for private school donors in twelve states by making a commonsense improvement to the federal tax deduction for charitable gifts. For…
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June 26, 2018Gas Taxes Rise in Seven States, Including an Historic Increase in Oklahoma
A rare sight is coming to Oklahoma. The last time the Sooner State raised its gas tax rate, the Berlin Wall was still standing, and Congress was debating whether to… -
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May 22, 2018Most States Have Raised Gas Taxes in Recent Years
State tax policy can be a contentious topic, but in recent years there has been a remarkable level of agreement on one tax in particular: the gasoline tax. Increasingly, state… -
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December 14, 2017Private Schools Donors Likely to Win Big from Expanded Loophole in Tax Bill
For years, private schools around the country have been making an unusual pitch to prospective donors: give us your money, and you’ll get so many state and federal tax breaks…
Related Resources
ITEP Publications about Oklahoma
Reports about Oklahoma using ITEP data
All items referencing Oklahoma
By the Numbers
| Personal Income Tax Features | |
|---|---|
| Range of Tax Rates | 0.5% - 5.25% |
| Standard Deduction |
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| Personal Exemption | $1,000 |
| Dependent Exemption | $1,000 |
| Earned Income Tax Credit (EITC) | 5% Refundable |
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| Corporate Income Tax Features | |
|---|---|
| Range of Tax Rates | Top rate falls to 5% in 2016 and could fall to 4.85% in 2018 depending on revenue growth |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 6.00% |
| Apportionment Factor (Payroll) | All |
| Apportionment Factor (Property) | No |
| Apportionment Factor (Sales) | 33% |
| Sales Tax Features | |
|---|---|
| State Sales Tax Rate | 4.50% |
| Average Local Sales Tax Rate | 3.90% |
| Average Combined State & Local Sales Tax Rate | 8.40% |
| State Sales Tax Treatment of Groceries | Taxed at regular rate, but offsetting credit/rebate is available |
| Local Sales Tax Treatment of Groceries | Taxed |
| Number of Services Taxed | 32 out of 168 surveyed (2007) |
| Streamlined Sales Tax Membership | Full |
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| Property Tax Features | |
|---|---|
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| Other Tax & Revenue Features | |
|---|---|
| Gasoline Tax Rate (per gallon) | $0.17 |
| Diesel Tax Rate (per gallon) | $0.14 |
| Cigarette Tax Rate (per pack) | $1.03 |
| Estate or Inheritance Tax | No |
| Net Lottery Sales Per Capita | $57 (2010) |
| Tax Policy Oversight | |
|---|---|
| Tax Expenditure Report | Yes |
| Tax Incidence Analysis Capability | None |
Last updated January 13, 2015