StateNew Employer Tax Rate 2025Employer Tax Rate Range 2025Taxable Wage Base 2025 Alabama 2.7% 0.20% – 6.80% $8,000 Alaska Varies by industry, but the rate for all industries is 1.0% for employers0.50% employee share 1.50% – 5.90% (including employer share and employee share of 0.50%)...
First things first: what is the federal corporate tax rate?The currentcorporate tax rate (federal) is 21%. Prior to the 2017 Tax Cuts and Jobs Act of 2017, there were taxable income brackets, and the maximum tax rate was 35%. The Tax Cuts and Jobs Act slashed the tax rate from 35%...
Imagine your adjusted gross income is $45,000 and you live in Indianapolis, Indiana. In 2022, 150 percent of the poverty guideline is $20,385 for a family of one in Indianapolis. The difference between your AGI and this amount is $24,615. That’s your discretionary income. ...
Knowing your effective tax rate gives you a clear picture of your tax liability each year. Kimberly LankfordApril 8, 2025 File Taxes Directly With the IRS Direct File is the IRS free tax preparation software program that qualified users can access to prepare and file the...
An LLC, or limited liability company, offers certain tax benefits and some personal liability protection. Learn how to form an LLC in this article.
What is the sales tax rate in the US? In most states, there is a statewide sales tax rate, and many states have additional local sales tax rates at the county, municipal and district level. A sales tax rate for any particular state would include the statewide sales tax rate plus any lo...
Some excise taxes are known as “sin taxes,” in which certain jurisdictions levy a higher tax rate on items such as alcoholic beverages or cigarettes. For example, a federal excise tax adds $1.01 to the cost of a pack of 20 cigarettes. In New York, there is an additional state excise...
By my defintion, avarice is a very strong desire to hold on to what is already yours, even to the point of living in a state resembling poverty when you have plenty of money saved away. Greed refers to the extremely strong desire to acquire more, even to the point of taking it unlawfu...
(7.25%), Tennessee (7%), Mississippi (7%), and Indiana (7%). But, Louisiana has the highest tax rate at 10.116% when state and average local sales taxes are combined. Tennessee and Arkansas round out the top three states with the highest combined sales tax rates with 9.556% and 9.460%...
Sport and recreational equipment in general is not exempt, as a rule of thumb, and neither are accessories, everything from bobby pins to tote bags. Are sales tax rules different across the state? Not strictly speaking, meaning the rate statewide is set at 6.625%. But for example, Atlantic...