Most individual U.S. states collect a state income tax in addition to federal income tax. The two are separate entities. Some local governments also impose an income tax, often based on state income tax calculations. Forty-three states and many localities in the United States may impose an income tax on individuals. Forty-seven states and many localities impose a tax on the income of corporations.[1]
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. The rates vary by state. Taxable income conforms closely to federal taxable income in most states, with limited modifications.[2] The states are prohibited from taxing income from federal bonds or other obligations. Most do not tax Social Security benefits or interest income from obligations of that state. Several states require different useful lives and methods be used by businesses in computing the deduction for depreciation. Many states allow a standard deduction or some form of itemized deductions. States allow a variety of tax credits in computing tax.
Each state administers its own tax system. Many states also administer the tax return and collection process for localities within the state that impose income tax.
State income tax is allowed as a deduction in computing federal income tax, subject to limitations for individuals.
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Benjamin Franklin was the first man to discover electricity. <span />
Answer:The Aftermath of Muhammad's Death
The roots of the Sunni-Shia divide can be traced all the way back to the seventh century, soon after the death of the prophet Muhammad in A.D. 632.
One of the key ideas of laissez-fair policies was that the government--both state and federal--would play an absolutely minimal role in the economic affairs of the public, since these people believed that government intervention hurt productivity.
Aside from the pay, the reason Texas cowboys re-upped for a cattle drive was for the adventure. Although the drive might be boring at times, with weeks and sometimes months on the trail with nothing to see but dust and flat lands, natural and man-made challenges occurred occasionally. One of the most frightening challenges encountered in a drive was crossing a river. A swift river could carry a man, a horse or a cow. A slow moving river might camouflage quicksand and deep holes both of which were dangerous also.
