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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 854 |
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Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming have no state income tax. Most other states have a high and low tax rate range. Another form of state tax is the state sales tax. Indiana's tax rate is 6% on purchases in the state. Other states have tax rates ranging from 2.9% to 7...
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Alaska, Delaware, Montana, New Hampshire, Oregon do not charge a state sales tax.
The federal income tax is a progressive tax. There is a higher tax rate on higher incomes than there is on lower incomes. The federal income tax provides for national programs such as defense, foreign affairs, law enforcement, and interest on the national debt...
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