Tennessee’s combined state and local sales tax rate of 9.45 percent is highest among the 50 U.S. states, according to the Washington-based Tax Foundation.
One-third of income from personal dividends goes toward state and federal taxes in California, the highest rate in the U.S. and the sixth-highest in the industrialized world, according to the Tax Foundation.
New Jersey residents have the highest state and local tax burden in the nation, a Tax Foundation study said today.
Mitt Romney says his tax plan adds up. President Barack Obama says it doesn’t. They don’t even agree on what “add up” means.
Illinois, Florida and Maryland will offer sales-tax holidays for back-to-school shopping this year, bringing the number of states doing so to 18, even as officials cope with record budget deficits.
Payroll-tax cut equals growth. Consumer spending equals growth. Consumer spending is 70 percent of the economy. All growth is equal.