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[1] [2] It does not have inheritance tax, estate tax or franchise taxes. While New Mexico does not have a state sales tax it does have a statewide "gross receipts tax", which is commonly passed on to the consumer by businesses just like a normal sales tax. [3] [4] [5] Its state income tax ranges from 1.7% to a maximum of 4.9%. [3]
The federal government began taxing Social Security benefits with the 1984 tax year, but it wasn’t until 1993 that tax rates and income thresholds were set to what today’s seniors are expected ...
This New Mexico -related article is a stub. You can help Wikipedia by expanding it.
Martinez was born and raised in Albuquerque, New Mexico. [3]He earned a Bachelor of Arts in economics and political science from the University of New Mexico in 1989. In 1992, he earned his Juris Doctor from the University of New Mexico School of Law, followed by a Master of Business Administration from the Anderson School of Management in 1993.
The government of New Mexico is the governmental structure of the state of New Mexico as established by the Constitution of New Mexico.The executive is composed of the governor, several other statewide elected officials and the governor's cabinet.
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related to: what does tax attorney do for social security office albuquerque nm address