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The tax rates on telephone service reached their all-time high under provisions of the Revenue Act of 1943. [13] Rates were 15 percent on local telephone calls and 25 percent (on messages which cost more than 24 cents) on long-distance calls. The Revenue Act of 1943 also provided for the increased excise tax rates to expire.
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.
Excise taxes on tobacco raised $12.4 billion in fiscal year 2020. [2] The tax equals $1.01 per pack of 20 of cigarettes. Federal excise tax revenue from tobacco products peaked in fiscal year 2010 at $17.2 billion after the increase in tobacco product tax rates in the Children's Health Insurance Program Reauthorization Act of 2009. This tax ...
These include a 1% state lodging tax, [173] various tobacco taxes, [174] telecommunications taxes, [175] and ″privilege tax″ (excise tax) on beer, wine, spirits and new vehicles. [ 176 ] [ 177 ] Many localities also collect additional lodging taxes.
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 ...
The revised tax proposal, which reduced the tax rate from 9% to 7%, passed the Senate on March 6 after what the Seattle Times described as a "fierce debate" by a vote of 25–24. [ 8 ] [ 9 ] The legislation was given a first reading in the House on March 9, passing out of the Finance committee on April 16 and passing the state legislature on ...
On November 8, 2016, Illinois voters approved the Illinois Transportation Taxes and Fees Lockbox Amendment, a legislatively referred constitutional amendment that prohibits lawmakers from using transportation funds for anything other than their stated purpose.
The United States Excise Tax Reduction Act of 1954 temporarily extended the 1951 excise tax increases (through March 31, 1955), but also reduced excise tax rates on, among other things, telephones, admissions, and jewelry.