How do state and local soda taxes work? Q.How do state and local soda taxes work? A.A "soda tax" is generally imposed as a per ounce excise tax on drinks sweetened with sugar. No state currently levies taxes on soda alone, but a few localities do. Read more about How do state and local soda taxes work?
How do state and local estate and inheritance taxes work? Q.How do state estate and inheritance taxes work? A.Estate and inheritance taxes are taxes levied on the transfer of property at death. State and local governments collected a combined $6.7 billion in revenue from estate and inheritance taxes in 2021. Read more about How do state and local estate and inheritance taxes work?
How do state and local severance taxes work? Q.How do state and local severance taxes work? A.Severance taxes are taxes on the extraction of natural resources such as oil and natural gas. State and local governments collected a combined $11.8 billion in revenue from severance taxes in 2021. Read more about How do state and local severance taxes work?