In the United States, taxes can be levied by federal, state and local governments. The Internal Revenue System is the federal agency that taxes all income annually.Continue Reading
All but six states levy taxes on income. States, cities and counties can tax property. State laws with respect to property tax vary widely; some states assume full responsibility, while most delegate some or all of that task to cities or counties. State and local governments can also levy sales taxes.
Businesses may incur other tax burdens, including payroll taxes, which are levied by the federal government to cover Social Security and Medicare, and unemployment tax, which funds the needs of workers who are temporarily unemployed.Learn more about Taxes
A luxury tax is essentially a tax placed on any goods or services the United States government as well as many state governments deem as non-essential. Such a tax is aimed at only those who are wealthy enough to afford luxury items. Despite the fact that many items formerly considered luxury goods no longer are viewed that way, the term persists.Full Answer >
When married taxpayers file taxes separately, the community property rules that apply in their state come into play, according to Intuit. As of 2015, community property laws must be followed when filing taxes in these nine states: California, Arizona, Idaho, Wisconsin, Texas, Washington, Nevada, Louisiana and New Mexico.Full Answer >
Virginia collects two types of taxes, an income tax from residents of the state and sales taxes on goods and services sold in the state, explains Bankrate. Property taxes in Virginia are collected by local authorities, and although Virginia charged a estate tax through 2007, as of 2015 it no longer does so.Full Answer >
File individual and business taxes for Illinois by visiting the state's tax site, downloading form IL-1040 and mailing it to the state revenue department or by using the MyTax Illinois tool to file the forms electronically. Alternatively, residents can hire a third-party accountant to process the forms or use tax preparation software to submit the appropriate documents.Full Answer >