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A common misconception is that tampons and other menstrual products are taxed as a "luxury item" because they are subject to sales tax in 30 states as of February 2021. [9] In actuality, they are simply subject to the normal state sales tax rate in states where they are not tax exempt.
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Because the rate of a sales tax does not change based on a person's income or wealth, sales taxes are generally considered regressive. However, it has been suggested that any regressive effect of a sales tax could be mitigated, e.g., by excluding rent, or by exempting "necessary" items, such as food, clothing and medicines. [21]
A special-purpose local-option sales tax (SPLOST) is a financing method for funding capital outlay projects in the U.S. state of Georgia.It is an optional 1% sales tax levied by any county for the purpose of funding the building of parks, schools, roads, and other public facilities. [1]
Legal Entities residing in the Czech Republic need to pay corporate income tax on their worldwide income. Foreign companies are taxed on income that is sourced in Czech Republic only. The standard corporate tax rate is 21%. Investment funds have a special tax rate of 5% and for pension funds the rate is 0%.
The statewide rate of sales tax on hotels in Mississippi is 7%. [41] Localities may also impose tourism and economic development taxes on accommodations in their jurisdiction. [ 42 ]
Sales; Stamp; Television; Tourist; Value-added; ... Vehicle miles traveled; ... Among the amendments were the raising of the corporate tax rate from 24% to 25% and ...
The current 1% sales tax was set to be reduced to 0.5% in 2032. In early 2007 MARTA made a request to the City of Atlanta, DeKalb County, and Fulton County to seek a 15-year extension of the 1% sales tax from 2032 to 2047, with a 0.5% sales tax from 2047 to 2057. [58]
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