The United States places a relatively high burden on long-term capital gains income (gains on assets held for more than one year). The top federal tax rate is 20 percent. In addition, taxpayers with AGI over $200,000 ($...
- Video: Joseph Henchman on State Budget Shortfalls (C-SPAN...
Video: Joseph Henchman on State Budget Shortfalls (C-SPAN Washington Journal)
December 28, 2008
Key Findings 17 states, primarily in the southeastern U.S., will hold a sales tax holiday in 2016, down from a peak of 19 states in 2010. Sales tax holidays do not promote economic growth or significantly increase consumer purchases; the...
Sales taxes in the United States are levied not only by state governments but also by city, county, tribal, and special district governments. In many cases these local sales taxes can have a profound impact on the total rate that consumers...
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