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Taxpayers are allowed to deduct their federal income tax from their Alabama state tax, even if taking the standard deduction; those who itemize can also deduct FICA (the Social Security and Medicare tax). [233] The state's general sales tax rate is 4%. [234] Sales tax rates for cities and counties are also added to purchases. [235]
An aluminum sales tax token from the state of Washington, valued at 2 mills (1 ⁄ 5 cent) and good for the "tax on purchase of 10 cents or less" under the state's 2% retail sales tax law. The twelve states that issued these sales tax tokens were Alabama , Arizona , Colorado , Illinois , Kansas , Louisiana , Mississippi , Missouri , New Mexico ...
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 ...
The list below provides an overview of each state’s income tax structure. ... Alabama. Single Filer Tax Rates by Bracket. 2% > $0. 4% > $500. 5% > $3,000. Married Filing Jointly Tax Rates by ...
Alabama. Retirees don’t pay state income tax on their Social Security benefits or pensions in Alabama. But your 401(k) and IRA withdrawals are fully taxable at the state’s 2% to 5% income tax ...
The average annual tax on the state’s average home ($298,054) is $5,600 — or about $467 per month. 4kodiak/istockphoto. No. 10 Lowest Arizona. ... Alabama. If you love SEC football and good ...
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