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Arkansas has a state sales tax of 6.50%. City taxes range from an additional 0.25% to 3.5% and county taxes could be as much as 3.25%. [69] Including city and county taxes, the highest sales tax rate is 11.625% in the portions of Mansfield that are in Scott County. [70]
State rules for determining taxable income often differ from federal rules. Federal marginal tax rates vary from 10% to 37% of taxable income. [3] State and local tax rates vary widely by jurisdiction, from 0% to 13.30% of income, [4] and many are graduated.
The list focuses on the main types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax or inheritance tax. Personal income tax includes all applicable taxes, including all unvested social security contributions.
Sales taxes in the United States are taxes placed on the sale or lease of goods and services in the United States. Sales tax is governed at the state level and no national general
New Mexico - The gross receipts tax rate varies throughout the state from 5.125% to 8.6875% with local option taxes imposed at the city and county levels, added to the statewide base tax rate of 5%. [9] Oregon - Oregon levies a Commercial Activity Tax on businesses with more than $1 million of taxable revenue per year. This tax is equal to $250 ...
Location of Texas. Texas is a state in the South Central region of the United States. The region's second-quarter 2018 gross state product was 8.6% of the GDP of the country at $1.755 trillion, with significant growth in mining, quarrying, and oil and gas extraction. [1]
In Idaho, tourist accommodations are subject to three types of tax: the statewide sales tax, travel and convention tax, and auditorium district taxes. [26] The travel and convention tax is 2%. [27] Auditorium district taxes apply only to Boise, Idaho Falls, and Pocatello. This tax can be up to 5%. [28] [29]
The use tax imposes a compensating tax equal in amount to the sales tax that would have been imposed on the sale of the property, if the sale had occurred within the state's taxing jurisdiction. [3] The use tax is typically assessed at the same rate as the sales tax that would have been owed, and generally the taxability of the good or service ...