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A poll tax is a tax of a fixed sum on every liable individual (typically every adult), without reference to income or resources. Various privileges of citizenship, including voter registration or issuance of driving licenses and resident hunting and fishing licenses, were conditioned on payment of poll taxes to encourage the collection of this tax revenue.
Vermont offers a full Social Security tax exemption if your income is over $50,000 for individuals and a partial exemption for individuals who earn up to $60,000. These laws change frequently ...
Portland (all residents must file an Arts Tax form with the city to either pay the flat-fee tax or qualify for an exemption based on low individual or household income) Lane Transit District (self-employed with income sourced from Lane Transit District, which includes parts of Lane County; reported on separate state tax form LTD)
The tax reform Scott planned (which was ultimately implemented) also lowered state income tax rates by 0.2% for all brackets; tied Vermont's tax system to Adjusted Gross Income (AGI); created Vermont-defined income deductions and personal exemptions similar to the federal tax code; increased the state earned income tax credit by three ...
And those who are taxed may face a low tax rate, too. Consider Minnesota, for example, where, if Social Security is your only income, it's tax-exempt. Colorado. Connecticut. Minnesota. Montana ...
Massachusetts taxes most retirement income using its 5% state income tax. Seniors may be exempt from paying state income tax if they are a single filer making $8,000 or less, a head of household ...
The rankings showed Vermont had a per capita tax load of $5,387, 14.1% of the per capita income of $38,306. [23] Vermont collects personal income tax in a progressive structure of five different income brackets, with marginal tax rates ranging from 3.6% to 9.5%. In 2008, the top one percent of the residents provided 30% of the income tax ...
Numerous local sales tax and use tax exemptions exist according to taxpayer status (for example, there exist exemptions for charitable organizations), exemptions based on size of purchase (e.g., clothing under $110 in Vermont), and exemptions for specific types of goods (e.g., protective clothing, food, medication, and educational materials).