State taxes

All states also have their own tax system. Typically there is a tax on real estate, and there may be additional income taxes, sales taxes, and excise taxes. Oil and mineral producing states often have a severance tax, which is similar to an excise tax in that tax is paid on products produced, rather than on sales. Taxes on hotel rooms are common, and politically popular because the taxpayers usually do not vote in the jurisdiction levying the tax.

These states do not levy an individual income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. New Hampshire and Tennessee only tax interest and dividend income. Delaware, Oregon, Montana and New Hampshire have no state or local sales tax. Alaska has no state sales tax, but allows localities to collect their own sales taxes up to a state-specified maximum. California has all the mentioned taxes, with the result that tax liability often exceeds 51% of income for many California residents.

Many states also levy personal property taxes, which are annual taxes on the privilege of owning or possessing items of personal property within the boundaries of the state. Automobile and boat registration fees are a subset of this tax; however, most people are unaware that practically all personal property is also subject to personal property tax. Usually, household goods are exempt; but virtually all objects of value (including art) are covered, especially when regularly used or stored outside of the taxpayer's household.

States permit the creation of special assessment districts (typically for provision of water or removal of sewage, or for parks, public transit or schools) whose boundaries may be independent of other boundaries and whose income may be from one or more of service assessments, property taxes, parcel taxes, a portion of road or bridge tolls, or an additional increment upon sales taxes in addition to the non-tax fees for services provided (such as metered water). State government is financed mainly by a mix of sales and/or income taxes and to a lesser extent by corporate registration fees, certain excise taxes, and automobile license fees.

State Tax Best Sellers from Amazon.com

FairTax: The Truth: Answering the Critics
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Lower Your Taxes - Big Time! 2007-2008 Edition (Lower Your Taxes Big Time)
by Sandy Botkin
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Customer Review: This book should really be titled "How Small Businesses can Minimize their Taxes." That is the entire focus of the book. (Note that this includes consultants and other types of small businesses.) It covers a lot of topics in an organized manner, g...

The Fair Tax Book: Saying Goodbye to the Income Tax and the IRS
by Neal Boortz, John Linder
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Customer Review: This is a GREAT idea! Do not be fooled by some false negative reviews by idiots on here, most of whom have not even read the book!


Read 'Answering the Critics' for more info and clarity.

Lets get politicians on board...


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State Tax News

• Massachusetts Cigarette Tax Increases By 1 Per Pack To Fund State Health Insu...
Massachusetts Gov. Deval Patrick D on Tuesday signed into law a bill that increases the state cigarette tax by 1 per pack, the AP/Boston Globe reports. The increase, which brings the tax to 2.51, took effect immediately.
• Massachusetts Cigarette Tax Increases By 1 Per Pack To Fund State Health Insu...
Massachusetts Gov. Deval Patrick D on Tuesday signed into law a bill that increases the state cigarette tax by 1 per pack, the AP/Boston Globe reports. The increase, which brings the tax to 2.51, took effect immediately. On Monday, the bill was approved by the state House and Senate by votes of 93 52 and 26 9, respectively.
• State Property Tax Set At 12.2 Cents News Democrat Leader
The Kentucky Department of Revenue has set the 2008 State Real Property Tax Rate at 12.2 cents per 100 of assessed value. KRS 132.020 requires the Department of Revenue to set the real property rate no later than July 1 of each year.
• Rockland Business Association Joins In Fight For State Property Tax Cap MidHu...
PEARL RIVER The Rockland Business Association agrees with most New Yorkers that the state needs a property tax cap. A June Siena College Research Institute poll found that 74 percent of state residents are in favor of a cap.
• Tax Loophole Closings To Bring State 285 Million Boston Herald
Some Bay State businesses will be forking over more taxes after Gov. Deval Patrick signed a major corporate tax reform into law yesterday. The law, which will bring 285

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