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  2. The big tax Americans don't pay — and what we give up in ...

    www.aol.com/finance/big-tax-americans-dont-pay...

    So, a value-added tax is applied "to everything in the economy," Cole said, with these countries levying a VAT up to 20% to 25%, much higher than the sales tax that US states typically charge.

  3. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Procedural rules vary widely. Sellers generally must collect tax from in-state purchasers unless the purchaser provides an exemption certificate. Most states allow or require electronic remittance of tax to the state. States are prohibited from requiring out of state sellers to collect tax unless the seller has some minimal connection with the ...

  4. Tax hikes or tax cuts? Here’s how Harris and Trump ... - AOL

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    Vice President Kamala Harris. Restoring top-line tax rate to 39.6% (currently 37%); Increasing long-term capital gains taxes to 28% from 20% for Americans who make more than $1 million a year;

  5. The Best and Worst States for Taxes - AOL

    www.aol.com/finance/best-worst-states-taxes...

    10. California Median household income: $75,235 Total taxes paid: $31,203.44 Total tax burden: 41.47% Total Annual income text paid: $19,037.48 Total annual property tax paid: $4,587.90 Total ...

  6. Tax policy and economic inequality in the United States

    en.wikipedia.org/wiki/Tax_policy_and_economic...

    In addition to this small reduction on the income taxes of the wealthiest taxpayers in America, Noah discovered that the effective income tax burden for the bottom 20% of wage earners was 8% in 1979 and dropped to 6.4% under the Clinton Administration. This effective rate further dropped under the George W. Bush Administration.

  7. State tax levels in the United States - Wikipedia

    en.wikipedia.org/wiki/State_tax_levels_in_the...

    The state has no direct personal income tax and does not collect a sales tax at the state level, although it allows local governments to collect their own sales taxes. Alaska collects most of its revenue from corporate taxes on the oil and gas industry. This table does not take into consideration the taxing and spending of local governments ...

  8. Is it better to pay someone to do your taxes or do them ... - AOL

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    And because tax laws change all the time and amount to more than 2,652 pages (or well over 1 million words compared with the King James Bible's 788,280 words or War and Peace’s 560,000 words ...

  9. Internal Revenue Service - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Service

    As of 2007, the agency estimates that the United States Treasury is owed $354 billion more than the amount the IRS collects. [79] This is known as the tax gap. [80] The gross tax gap is the amount of true tax liability that is not paid voluntarily and timely. For years 2008–2010, the estimated gross tax gap was $458 billion. The net tax gap ...

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