Question: how much taxes are taken out of a paycheck in new mexico?
Answer: The state has a progressive tax system with four brackets that are determined by income level and filing status. Single individuals in the Land of Enchantment pay 1.70% on the first $5,500 of their taxable income; 3.20% on income up to $11,000; 4.70% on income up to $16,000; and 4.90% on income over $16,000.