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Washington Department of Revenue brochure on Business tax — provides basic information on tax rates, exempt activities, deductions, and credits. Washington Dept. of Revenue page on B & O tax; Chapter 82.04 of the Revised Code of Washington; Title 458 of the Washington Administrative Code
The northwestern U.S. state of Washington 's economy grew 3.7% in 2016, nearly two and a half times the national rate. Average income per head in 2009 was $41,751, 12th among states of the U.S. The United States' largest concentration of STEM (science, technology, engineering and math) workers reside in Washington state.
The state taxes dividends and interest at 3% in 2024. The former 5% tax was decreasing by 1% each year, but a 2023 law accelerated the repeal to the start of 2025. [ 15 ] For large businesses, the 0.55% Business Enterprise Tax is essentially an income tax. The state also has a 7.5% (2024) Business Profits Tax.
Washington state does not typically pursue use tax collection for most purchases. However, in 2005, the Washington State Department of Revenue began to make a concerted effort to collect use tax on artworks acquired in other states. [212] When staying at a hotel (60+ rooms capacity) in Seattle, the sales tax is 15.6%.
Corporate tax provisions are incorporated in Title 26 of the United States Code, known as the Internal Revenue Code. The present rate of tax on corporate income was adopted in the Tax Reform Act of 1986. [15] In 2010, corporate tax revenue constituted about 9% of all federal revenues or 1.3% of GDP. [16] The corporate income tax raised $230.2 ...
20% (10% for small taxpayer, those with revenue in a given tax year not exceeding the equivalent of €40,000) — — — Taxation in Saint Martin Saint Pierre and Miquelon: 33.3% (15% for small taxpayer, those with revenue in a given tax year not exceeding the equivalent of €600,000) — — — Taxation in Saint Pierre and Miquelon
Property tax was the first tax levied in the state of Washington, and its collection accounts for about 30% of Washington's total state and local revenue. It continues to be the most important revenue source for public schools , fire protection, libraries , parks and recreation, and other special-purpose districts.
Fred T. Goldberg, Jr., Assistant Secretary of the Treasury for Tax Policy; Commissioner of Internal Revenue (endorsed Hillary Clinton) [21] Theodore Kassinger, United States Deputy Secretary of Commerce [16] Bill Kristol, Chief of Staff to the Vice President and founder of The Weekly Standard (endorsed Evan McMullin) [153]
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