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Federal government taxes income, many states add on something as well, my state might tax 5% in a tiered fashion such that the first 20k is 0% and then 1% for 1
by wizerdrobe 3y ago
Federal government taxes income, many states add on something as well, my state might tax 5% in a tiered fashion such that the first 20k is 0% and then 1% for 10k and so on.
Beyond that, sales tax on consumption. Property taxes on homes, vehicles, etc. gasoline tax for roads, typically both Federal and State. Nevada in particular is a hospitality state with much tourism so they’re likely getting good tax money on this.
Counties within a state and cities and towns may also add on, say a percent or two for schools or a big infrastructure project. Sometimes these are temporary measures for a fixed number of years. It’s all variable and complicated.