Ct estate tax table for 2016 full#

With rate revisions limited to smaller municipalities, fluctuations in average local sales tax rates were modest for the first half of 2016. Although Cook County, Illinois (home to Chicago), and Clark County, Nevada (home to Las Vegas), both increased sales tax rates on January 1 of this year, no major cities have raised their local sales tax rates since. The five states with the highest average local sales tax rates are Louisiana (4.99 percent), Alabama (4.98 percent), Colorado (4.60 percent), New York (4.50 percent), and Oklahoma (4.44 percent). No other states increased their state-level sales tax in the first half of 2016. South DakotaвЂ™s state sales tax rate rose half a percentage point to 4.5 percent, shifting the state eight places in the overall rankings. Louisiana increased its state-level tax rate to 5 percent, which, combined with its average local tax rate of 4.99 percent, gives it the highest state and local combined sales tax rate in the nation, up from third at the beginning of the year. Two other states began the year with rates of 4 percent, but increased them in the first six months of the year. Five states follow with 4 percent rates: Alabama, Georgia, Hawaii, New York, and Wyoming.

The lowest non-zero, state-level sales tax is in Colorado, which has a rate of 2.9 percent. Five states tie for the second-highest statewide rate, at 7 percent: Indiana, Mississippi, New Jersey, Rhode Island, and Tennessee. The five states with the lowest average combined rates are Alaska (1.78 percent), Hawaii (4.35 percent), Wisconsin (5.41 percent), Wyoming (5.42 percent), and Maine (5.5 percent).Д¬alifornia has the highest state-level sales tax rate, at 7.5 percent. The five states with the highest average combined state and local sales tax rates are Louisiana (9.99 percent), Tennessee (9.45 percent), Arkansas (9.30 percent), Alabama (8.97 percent), and Washington (8.92 percent). Of these, Alaska and Montana allow localities to charge local sales taxes. Combined RatesДЇive states do not have statewide sales taxes: Alaska, Delaware, Montana, New Hampshire, and Oregon.

Ct estate tax table for 2016 full#

Table 1 provides a full state-by-state listing of state and local sales tax rates. This report provides a population-weighted average of local sales taxes as of July 1, 2016, in an attempt to give a sense of the average local rate for each state. These rates can be substantial, so a state with a moderate statewide sales tax rate could actually have a very high combined state and local rate compared to other states. In addition to state-level sales taxes, consumers also face local sales taxes in 38 states. While graduated income tax rates and brackets are complex and confusing to many taxpayers, sales taxes are easier to understand consumers can see their tax burden printed directly on their receipts.

Retail sales taxes are one of the more transparent ways to collect tax revenue.

Sales tax rate differentials can induce consumers to shop across borders or buy products online.

Sales tax rates differ by state, but sales tax bases also impact how much revenue is collected from a tax and how the tax affects the economy.

The five states with the highest average combined state and local sales tax rates are Louisiana (9.99 percent), Tennessee (9.45 percent), Arkansas (9.30 percent), Alabama (8.97 percent), and Washington (8.92 percent).

Local sales taxes are collected in 38 states.

Forty-five states and the District of Columbia collect statewide sales taxes.