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Why are some states’ sale taxes higher than others?

TaxConnex

When you sell across multiple states – or even within various localities in a single state – one striking observation emerges: the consistent inconsistency of sales tax rates. The federal income tax has just seven brackets to cover the whole span of what somebody can make.

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What's new in state sales and use taxes

TaxConnex

Oklahoma amended its definition of “marketplace facilitator” to include a person that facilitates not only retail sales of tangible personal property but all retail sales. The online portal for the Department of Revenue is currently used for individual income tax and business registrations and the state will provide further instructions?for

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State Legislative Update: Tax Relief Opportunities and New Tax Obligations Enacted in 2022

ThomsonReuters

The Delaware legislature passed legislation that created the 2022 Delaware Relief Rebate Program to provide resident, individual income taxpayers a one-time, retroactive, refundable income tax credit in the amount of $300. The tax credit is referred to as a “relief rebate.”

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Oklahoma Taxpayers Get Extended Deadline Due to Storms

CPA Practice

The Internal Revenue Service is providing a tax relief extension for individuals and businesses in Oklahoma that were affected by severe storms, straight-line winds, tornadoes, and flooding that began on May 19, 2024. 1, 2024, to file various federal individual and business tax returns and make tax payments.

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Oklahoma Man Pleads Guilty to Employment Tax Scheme

CPA Practice

An Oklahoma man pleaded guilty yesterday to willfully failing to pay employment taxes withheld from his employees’ wages. in Adair, Oklahoma. Goldberg of the Justice Department’s Tax Division; and U.S. Johnson for the Northern District of Oklahoma made the announcement. According to court documents, Donald E.

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How the 50 States Rank By Tax Burden

CPA Practice

Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub. Maine has the highest property tax burden, while Alabama has the lowest. 1 being the highest and No.

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How the 50 States Rank By Tax Burden

CPA Practice

Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub. Maine has the highest property tax burden, while Alabama has the lowest. 1 being the highest and No.