New Mexico State Income Tax Burden

New Mexico’s 1999 income tax threshold — the income level at which families begin paying income tax:	Ranking among 42 states with income taxes
For two-parent families of four: $20,600.	12th highest
For single-parent families of three: $18,000.	13th highest
New Mexico’s 1999 income tax for working-poor and near-poor families:
For families of four with poverty-line incomes ($17,028): $70 refund.	8th lowest
For families of three with poverty-line incomes ($13,290): $85 refund.	9th lowest
For families of three with minimum-wage earnings ($10,712): $100 refund.	9th lowest
For families of four with incomes at 125% of the poverty line ($21,285): $17 tax.	11th lowest
For families of three with incomes at 125% of the poverty line ($16,613): $30 refund.	7th lowest
New Mexico has consistently exempted families with below-poverty earnings from the income tax. In 1991, a family of four owed no tax until its income reached 3 percent above the poverty line. New Mexico’s tax threshold is now 21 percent above the poverty line.