State taxes

You need to be on your toes if you work in sales tax, as states are known to make substantial sales tax policy changes with little to no notice. Vermont, North Carolina, New Jersey and Ohio provide standout examples this summer.

Only 5% of total local tax comes from income taxes nationwide, but some states rely on it much more.

Where does sales tax drive the most local revenue?

Middle-class residents in these states pay a smaller percentage of their paychecks to taxes.

Residents with low income in these 20 states pay a smaller percentage of their income in tax.

Residents with high earnings in these 20 states get a bigger break on their taxes, paying a smaller percentage of their income.

The Supreme Court asked the solicitor general to weigh in on whether a Pennsylvania tax case has federal ramifications.

If you have clients with employees in more than one state, they must pay attention to the payroll-related rules and tax responsibilities in the states where those staff live and work.

The SALT cap is one of several tax issues to be confronted next year, with key portions of Trump's 2017 tax cuts expiring at the end of 2025.

State tax rates on capital gains vary across the country.

If the current trend continues, more than 96,000 residents making a combined $19.2 billion in adjusted gross income are set to leave the state annually by 2030.

How do you charge sales tax when different kinds of digital product are sold together?

As difficult as taxes may be, they're also important for multistate businesses to get right.

The Bekkerman case held that California may tax a bundled cellphone at the full price as an unbundled cellphone, rather than the discounted price.

Transit operators in San Francisco's Bay Area are facing massive budget shortfalls as ridership lingers well below its prepandemic levels.

Changes in rates and rules at every level require advisors to stay on their toes.

Four states have no state and local sales taxes, making them the most attractive places for consumers to go shopping.

The least attractive place to go shopping has a combined sales tax rate of 9.563%.

While property and unemployment insurance taxes are universal in every state, many of the best states for doing business do not have corporate, sales or individual income taxes.

Leaving Washington state, which in 2022 introduced a 7% tax on capital gains, could have saved Bezos $288 million in taxes after he unloaded $4 billion of Amazon.com stock in the past week.