State taxes

Each State has established its own forms of taxation that fit with the state's needs and best taxing methods.  Typically State taxes include a basic mix of real estate property taxes, personal property taxes excise taxes and either a sales tax or income tax or both.

Although State Income taxes have become popular in recent times, some states such as Florida and Texas do not have income taxes.  Instead, they rely on a State sales tax along with use taxes such as hotel room taxes, rental car taxes, toll roads and other similar taxes.  These taxes are aimed at the users of services and tourists.

It is worth noting that California probably has the largest mix of taxes of any State.  The result being that the State and local government tax liability can exceed 50% or the income of many Californians.

Within States there can be special assessment districts such as water, sewage, public transit or school districts that levy their own taxes.  These taxes might be in the form of property taxes, tolls, sales taxes and other fees.

The primary income for the general fund for most states comes primarily from State taxes on income and/or sales taxes.

State Tax Best Sellers from Amazon.com

Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies
by Michelle Malkin
Amazon Price: $18.45
Customer Review: "Culture of Corruption" by Michelle Malkin was a totally eye-opening book. I read it right after Barack Obama became President; however, I thought to myself that "surely Obama wouldn't be able to stay on his path of disregard for morals and ethics. ...
 

The Complete Guide to Investing in Real Estate Tax Liens & Deeds: How to Earn...
by Jamaine Burrell
Amazon Price: $13.97
Customer Review: This book will help you identify if you want to get involved in tax Lien Investing. I loved it!
 

Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed R...
by Larry B. Loftis
Amazon Price: $14.96
Customer Review: This is probably the best book to buy on the subject, especially if you live in Florida where the author resides.
However, the latest edition is outdated already. There are no tax lien auctions to attend in Florida, as most
all counties h...
 

Every Landlord's Tax Deduction Guide
by Stephen Fishman J.D.
Amazon Price: $26.39
Customer Review: I got this book for information on what kind of tax deductions I can take with my house rentals, it is very easy to read and understand. I would, and have recommended this book to my friends.
 

The 16% Solution: How to Get High Interest Rates in a Low-Interest World with...
by J.D., Joel S. Moskowitz
Amazon Price: $16.49
Customer Review: I am only half way through this book, but it has been extremely helpful thus far. The author is walking me through the process of reviewing and purchasing tax liens in various states. Holding tax certificates will be a valuable part of my investmen...
 

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State Tax News
GN News

• Fact Check: Whitman Capital Gains Plan Questioned BusinessWeek
Bizjournals.comFact check: Whitman capital gains plan questionedBusinessWeekEliminating the state tax also would help level the competition with Nevada and other states that have no income or capital gains taxes, Whitman spokeswoman State39s Tobacco Tax Revenue Drops as Cigarette Sales FallCalifornia HealthlineCigarette sales, smokers declineLos Angeles TimesPlummeting cigarette sales cut California tax revenuesSacramento BeeNACS Online OCRegister Central Valley Business Timesall 21 news articles raquo
• Tax Council To Take Input From Across State Atlanta Journal Constitution
GPBTax council to take input from across stateAtlanta Journal ConstitutionThe leader of a new panel considering changes to the state39s tax system said Wednesday that the group will travel Georgia in the next few State Grocery Tax, Income Tax On Table This FallWSB AtlantaGeorgia tax reform commission holds first meetingThe Augusta ChronicleGeorgia tax reform council begins taskAtlanta Business ChronicleAtlanta Journal Constitution GPBall 10 news articles raquo
• Kerry Will Pay Mass. Tax On RI Yacht Boston Globe
msnbc.comKerry will pay Mass. tax on RI yachtBoston GlobeState tax law specialists say that even if the senator sailed in Massachusetts a fairly low number of times,3939 he could be liable for the taxes. John Kerry Takes on Water Over Yacht ControversyCBS NewsKerry to pay yacht tax in effort to cast off controversyMarketWatch blogKerry In Hot Water Over Yacht TaxTax news.com subscriptionBenzinga Boston Herald NPRall 785 news articles raquo
• More States Offer Sales Tax Relief Smartmoney.com
WKRG TVMore States Offer Sales Tax ReliefSmartmoney.comCheck with the state tax commission to see what your area is doing and compare other local rates before deciding which area mall to visit. More States Offer Back to school Tax Holidays, Despite State Revenue Woes PR Newswire press releaseTax holidays, popular but bad policyBankrate.comSales tax holidays mean win/win/win for retailers, shoppers and statesNational Retail Federation press release blogMonroe News Star ConsumerReports.org blog The Hill blogall 82 news articles raquo
• New Jersey Governor Vetoes 15000 State Tax Credit For Home Buyers Builder Ma...
The Leader NewspapersNew Jersey governor vetoes 15000 state tax credit for home buyersBuilder MagazineA 15000 state tax credit for home buyers was vetoed Friday by Governor Christie, who cited its 100 million price tag and the state39s Rep. Lance, N.J. GOP tell Obama 39no tax hikes3939newjerseynewsroom.comGov. Chris Christie RN.J. speaks fiscal truthWashington Post blogGUEST COLUMN: Enough of the Band AidsThe Leader NewspapersAsbury Park Press Blinq blogall 43 news articles raquo