Local taxes are taxes that are passed at a borough, city, or township level in the state of Alaska. In the past decade Alaska has dropped from being one of the most taxed states in America to the least taxed state. In , the state was taxing its residents at Alaska is the only state where large areas of land are not subject to property taxes.
The reason behind this is that it would not generate much revenue for the state. Alaska is one of five states that does not have a statewide sales tax. Alaska is one of seven states that does not have a statewide income tax. This information is based on a report by the Alaska Office of the Assessor's report. Ballotpedia features , encyclopedic articles written and curated by our professional staff of editors, writers, and researchers.
Click here to contact our editorial staff, and click here to report an error. Click here to contact us for media inquiries, and please donate here to support our continued expansion. Share this page Follow Ballotpedia.
What's on your ballot? Jump to: navigation , search. Although the tax on beer produced by microbreweries is less than a third of that, at 35 cents per gallon. Liquor is also heavily taxed. Smokers in Alaska pay relatively high cigarette taxes.
Are you curious how your tax burden stacks up against others in your state? Scroll over any county in the state to learn about taxes in that specific area.
To find the places with the lowest tax burdens, SmartAsset calculated the amount of money a specific person would pay in income, sales, property and fuel taxes in each county in the country. To better compare income tax burdens across counties, we used the national median household income. We then applied relevant deductions and exemptions before calculating federal, state and local income taxes.
We multiplied the average sales tax rate for a county by the household income after taxes. For property taxes, we compared the median property taxes paid in each county. For fuel taxes, we first distributed statewide vehicle miles traveled to the county level using the number of vehicles in each county.
We then calculated the total number of licensed drivers within each county. The countywide miles were then distributed amongst the licensed drivers in the county, which gave us the miles driven per licensed driver.
Using the nationwide average fuel economy, we calculated the average gallons of gas used per driver in each county and multiplied that by the fuel tax. We then added the dollar amount for income, sales, property and fuel taxes to calculate a total tax burden. Finally, each county was ranked and indexed, on a scale of 0 to The county with the lowest tax burden received a score of and the remaining counties in the study were scored based on how closely their tax burden compares.
What is an Index Fund? How Does the Stock Market Work? What are Bonds? Investing Advice What is a Fiduciary? What is a CFP? I'm an Advisor Find an Advisor.
Your Details Done. Overview of Alaska Taxes Alaska has the lowest taxes in the country. Filing Status. Single Married. Itemized Deductions. Number of State Personal Exemptions.
Your Federal Income Tax Comparison. Your marginal federal income tax rate Your effective federal income tax rate Your federal income taxes. About This Answer. How Income Taxes Are Calculated First, we calculate your adjusted gross income AGI by taking your total household income and reducing it by certain items such as contributions to your k.
Next, from AGI we subtract exemptions and deductions either itemized or standard to get your taxable income. More on Alaska taxes can be found in the tabbed pages below. Alaska is the only state that does not collect state sales tax or levy an individual income tax on any type of personal income, either earned or unearned.
Instead, every Alaskan, children as well as adults, receives a payment each year from the Alaska Permanent Fund Corporation. To finance state government operations, Alaska depends primarily on petroleum revenues. The department also issues an annual overview of its operations, including new state laws that directly affect the tax division. A percentage of revenue collected from certain state taxes and license fees e. Property taxes are the primary source of revenue for local governments in Alaska.
In accordance with the repeal of the federal state death tax credit for decedents who died after Dec. Want to know the prevailing price of a barrel of oil?
Alaska residents can pay permit and license fees online at no extra cost. In April , the Alaska Department of Revenue began expanding the service. All tax types will be fully implemented by the end of Additional state tax and fee information is available at the Alaska Department of Revenue website.
To download tax forms on this site, you will need to install a free copy of Adobe Acrobat Reader. Click here for instructions. How We Make Money. Kay Bell.
0コメント