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.
U.S. Senator Thad Cochran was forced into a Mississippi runoff campaign after being attacked by a Republican primary challenger as a free-spending, Washington insider.
Republicans are taking a temporary U.S. tax incentive from the waning days of George W. Bush’s presidency and trying to extend it indefinitely.
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.