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Massachusetts has a 6.25% state sales tax on most goods (raised from 5% in 2009). There is no sales tax on food items, but prepared meals purchased in a restaurant are subject to a meal tax of 6.25% (in some towns voters chose to add a local 0.75% tax, raising the meal tax to 7%, with that incremental revenue coming back to the town).
This article was updated on Oct. 17, 2014. All 50 states make different choices about where they get the tax revenue they need in order to provide the services their residents need and demand ...
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table ...
Continue reading ->The post 5 States With No Sales Tax appeared first on SmartAsset Blog. Just as there are several states with no income taxes, there are also multiple states forgoing sales taxes
Alaska – no individual tax but has a state corporate income tax. Alaska has no state sales tax, but lets local governments collect their own sales taxes. Alaska has an annual Permanent Fund Dividend, derived from oil revenues, for all citizens living in Alaska after one calendar year, except for some convicted of criminal offenses. [9]
All 50 states make different choices about where they get the tax revenue they need in order to provide the services their residents need and demand. With income taxes, property taxes, and sales taxes
States assess sales tax on most tangible purchases, such as clothes you buy at the local mall. Sales tax rates vary by state, and they can differ significantly from state to state. But state sales ...
For example, Louisiana has among the lowest income and property taxes, but it has the highest combined state and local sales tax of 9.55%. Similarly, Tennessee has no state income tax, is in the ...