I testified last week to the newly established Connecticut Tax Review Panel, which is undertaking a comprehensive look of the state’s tax system throughout 2015. Co-chaired by former Rep. Bill Dyson (D) and former Sen....
- Estate Tax Rates and Exemptions as of January 1, 2012
Estate Tax Rates and Exemptions as of January 1, 2012
Levied in 44 states, corporate income taxes account for a relatively small share of state revenue—5.2 percent of state tax collections and just over 2 percent of all state revenue, including federal transfers. Top rates range from a low of...
Key Findings 45 states collect statewide sales taxes. 38 states collect local sales taxes. The five states with the highest average combined state-local sales tax rates are Tennessee (9.45 percent), Arkansas (9.26 percent), Alabama (8.91...
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