what are the goods tax, state tax and local tax in the United States

goods tax (excise tax)

goods tax is a form of consumption tax, which is levied on the consumption of certain goods and services. Consumption tax is a federal tax. In fiscal year 24, the federal consumption tax revenue accounted for about 3.7% of the total federal tax revenue and .6% of GDP. Among them, fuel tax is the largest tax in the federal consumption tax on goods, accounting for about 3.4% of the tax. Other consumption taxes include domestic civil aviation passenger tax, liquor, wine, beer, cigarettes and telephone service fees. Some of the purposes of levying consumption tax are to increase income and reduce the deficit, or to be used for the construction of expressways and the prevention and control of road air pollution. Others are a kind of cost that reflects the social pollution caused by the use of the taxable products, such as cigarette consumption tax. Others levy taxes on imported goods to ensure that the domestic similar commodity market is not affected. Most of the federal consumption tax is used in different ways through trust funds, and the largest fund is the highway trust fund. Because the consumption tax rate is the same for consumers with different incomes, the tax level of low-income groups is relatively higher than that of high-income groups.

state and local taxes

federal taxes and state taxes in the United States are two different concepts. Taxpayers need to fill in different forms when filing tax returns. State and local taxes in the United States mainly come from transaction tax, income tax and property tax. Taxes involving ordinary citizens are mainly income tax, transaction tax, real estate tax and automobile fuel tax.

each state can establish different taxes and related tax rates according to the relevant laws formulated by the state legislature, the level of economic development and the adequacy of tax sources. The overall tax rate of States with higher living standards is higher than that of southern States. However, some states, such as Alaska, are rich in oil resources and abundant tax sources, so the state not only has no state sales tax and income tax, but also residents of the state can get preferential treatment of partial tax refund after paying taxes. Some states are exempt from sales tax on food and medicine, Florida is exempt from personal income tax, and Nevada, South Dakota, Texas, Washington, Wyoming and other states are exempt from personal and corporate income tax, but franchise tax or use tax may be levied, and some states stipulate that taxpayers can offset the same federal tax with certain state taxes they pay.