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Gladys Presley brought her son Elvis to Tupelo Hardware Co. in January 1945 to buy him a birthday present. Elvis would have preferred a rifle, but his mother succeeded in buying a guitar instead. The boy strummed the new guitar for a while, before his mother paid $7.75 and a 2% sales tax. [1]
The highest sales tax in Washington is on liquor. The spirits sales tax is 20.5% of the value of the product purchased [215] and a $3.7708 per liter spirits liter tax is assessed on spirits sold to consumers. [216] 1 April 2008 saw tax increases in King County (+.001), Kittitas County (+.003), Mason County (+.001), and the city of Union Gap ...
In 2007, Jones made news with two dissenting votes on major decisions. He opposed the sales tax increase for Cuyahoga County from 7.5% to 7.75%. The tax, earmarked to pay for a new convention center and medical mart, was passed by a 2–1 vote (Jimmy Dimora and Tim Hagan voted for it), and it took
The amount of the tax is based on the taxable value of the severed resource. The tax on potash extraction is 0.5% of the resource value; molybdenum extraction is taxed at 0.125%; and all other extracted resources are taxed at 0.75%. [27] The second tax, the processors tax, applies to the processing of natural resources.
The new tax rates proposed by the state legislature in SB 687 includes an increase in corporate income taxes from 7% to 7.99%. SB 687 would also changes the state's property tax credit, which is a credit that some residents paying property taxes can claim to reduce their income taxes, from 5% to 6%.
In March 2022, the Alberta government announced it would suspend the collection of the fuel tax starting April 1, as a way to fight the rising cost of fuel. [19] In December 2023, the Alberta government announced that with lower oil prices, the fuel tax would be phased back in after Dec. 31, 2023. [20]
Introduction of a new 20p rate of income tax for the first £2,000 of earnings; Personal allowances to rise with inflation, but 40p top tax rate remains unchanged; Tax on sale of new cars halved to 5%; Excise duty on betting reduced from 8% to 7.75%; Duty on beer increased by 1p; Duty on wine increased by 5p a bottle; Duty on spirits increased ...
The capital gains tax structure has also undergone changes: Short-Term Capital Gains (STCG): The tax rate on short-term capital gains from shares, mutual funds, and real estate has been increased from 15% to 20%. [9] Long-Term Capital Gains (LTCG): The tax rate on long-term capital gains has been set at 12.5%. Additionally, the exemption limit ...