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The West Virginia municipal B&O tax is a gross receipts tax, with no deductions whatsoever allowed. Rates vary according to the type of business, and differ from city to city. [8] For example: The state capital, Charleston, divides businesses into 14 categories for purposes of B&O taxation. Rates ranging from $0.15 per $100 gross receipts for ...
tax.ohio.gov The Ohio Department of Taxation is the administrative department of the Ohio state government [ 1 ] responsible for collection and administration of most state taxes, several local taxes and the oversight of real property taxation.
A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is often compared to a sales tax ; the difference is that a gross receipts tax is levied upon the seller of goods or services, while a sales tax is nominally levied upon the buyer (although both are ...
As of January 2018, these fees no longer contribute to reducing your tax bill. Before the TCJA, investors could deduct financial advisor fees if they exceeded 2 percent of their adjusted gross ...
In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. [1] It is used to calculate taxable income, which is AGI minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income.
Ohio may soon reinstate the driver's licenses of hundreds of thousands of residents who lost the ability to drive because of unpaid court debts. The state General Assembly passed a bipartisan bill ...
A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state. A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of capital held by the entity. The franchise tax effectively ...
Ohio House Bill 140 calls for ballot language to be written in a way that would tell voters what levies would cost the owner of a home valued at $100,000 and how much the amount the tax would ...