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Tax Structure

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State Government Tax Collections

Total Taxes

$14,269,061

Sales and Gross Receipts Taxes

$10,343,084

General Sales and Gross Receipts Taxes

$7,469,547

Selective Sales and Gross Receipts Taxes

$2,873,537

Alcoholic Beverages Sales Tax

$201,713

Insurance Premiums Sales Tax

$970,831

Motor Fuels Sales Tax

$1,086,693

Public Utilities Sales Tax

$8,520

Tobacco Products Sales Tax

$248,673

Other Selective Sales and Gross Receipts Taxes

$357,107

License Taxes

$1,763,747

Alcoholic Beverages License

$1,862

Amusements License

$283

Corporations in General License

$920,053

Hunting and Fishing License

$36,730

Motor Vehicle License

$357,692

Motor Vehicle Operators License

$59,648

Public Utilities License

$6,039

Occupation and Business License, NEC

$372,981

Other License Taxes

$8,459

Income Taxes

$1,890,667

Individual Income Taxes

$246,508

Corporations Net Income Taxes

$1,644,159

Other Taxes

$271,563

Documentarty and Stock Transfer Taxes

$251,574

Severance Taxes

$1,025

Taxes, NEC

$18,964

State Gross Public Debt

Debt Per Capita

$926.47

Total Debt of State

6.3 Billion

Total Debt of Local Governments

37.6 Billion

Combined Total Debt

43.9 Billion

Gross Domestic Product(GDP)

379.6 Billion

Real Estate Growth

2%

Median Total State and Local Taxes

National Median Total State and Local Tax Rate Per Household

8.73%

National Median Total State and Local Taxes Paid Per Household

$5,071

State Median Total State and Local Taxes Paid Per Household

$4,183

Difference Between National Median and State Median

-18.83%

State Bond Ratings

Fitch

AAA

Moody's

Aaa

S&P Global

AAA

State Income Tax

Income Tax Rate

2.00%

Number of Brackets

Top Income Range

Dividend and Interest Income Only

State Real Estate Tax

Mean Real Estate Tax Rate

0.74%

Mean Real Estate Taxes Paid

$1,120

State Unemployment Insurance Tax

New Employer Tax Rate

2.70%

Sales Tax

State Sales Tax Rate

7.00%

Lawrence County

2.75%

Giles County

2.50%

Wayne County

2.50%

Lewis County

2.75%

Maury County

2.75%

Alabama

4.00%

Lauderdale County

1.50%

Limestone County

2.00%

Minimum Sales Tax Rate (State and County)

7.00%

Maximum Sales Tax Rate (State and County)

11.00%

Source:
AvaTax
California State Treasurer's Office
Census Bureau
Department of Labor
Department of Revenue
Tax Foundation