The state where KBLG is located has what as its highest tax bracket?
6.9 percent
Title: Tax ladder
Passage: Tax ladder is a term sometimes used to refer to the formula for calculating a taxpayer's tax liability in a given year for United States federal personal income tax purposes. The term "ladder" is used because as your taxable income increases, you "climb" the ladder and your tax rate increases.
Title: Personal allowance
Passage: Married Man's allowance was the allowance for a legally married couple. The allowance was given at the man's highest rate of tax. During the early 1990s the then Chancellor Norman Lamont overhauled the allowance and introduced the 10% allowance, which meant that all men had the same amount of money in their pocket, irrespective of highest tax rate. The allowance was scrapped from April 2000, first being announced in Gordon Brown's 1999 budget, with the exception of people married or in civil partnerships where one spouse was born before 6 April 1935.
Title: Tennessee
Passage: The Tennessee income tax does not apply to salaries and wages, but most income from stock, bonds and notes receivable is taxable. All taxable dividends and interest which exceed the $1,250 single exemption or the $2,500 joint exemption are taxable at the rate of 6%. The state's sales and use tax rate for most items is 7%. Food is taxed at a lower rate of 5.25%, but candy, dietary supplements and prepared food are taxed at the full 7% rate. Local sales taxes are collected in most jurisdictions, at rates varying from 1.5% to 2.75%, bringing the total sales tax to between 8.5% and 9.75%, one of the highest levels in the nation. Intangible property is assessed on the shares of stock of stockholders of any loan company, investment company, insurance company or for-profit cemetery companies. The assessment ratio is 40% of the value multiplied by the tax rate for the jurisdiction. Tennessee imposes an inheritance tax on decedents' estates that exceed maximum single exemption limits ($1,000,000 for deaths in 2006 and thereafter).
Title: Sales taxes in the United States
Passage: Since January 2017, 5 states (Alaska, Delaware, Montana, New Hampshire and Oregon) do not levy a statewide sales tax, while California has the highest state sales tax with a base rate of 7.25%. (The territory of Puerto Rico has a higher 10.5% value added tax since April 2016). In some states such as California, counties and cities impose additional sales taxes, and total sales taxes can be over 11%.
Title: Montana
Passage: Montana's personal income tax contains 7 brackets, with rates ranging from 1 percent to 6.9 percent. Montana has no sales tax. In Montana, household goods are exempt from property taxes. However, property taxes are assessed on livestock, farm machinery, heavy equipment, automobiles, trucks, and business equipment. The amount of property tax owed is not determined solely by the property's value. The property's value is multiplied by a tax rate, set by the Montana Legislature, to determine its taxable value. The taxable value is then multiplied by the mill levy established by various taxing jurisdictions—city and county government, school districts and others.
Title: Sales taxes in the United States
Passage: California, from 1991 to 2012 and since 2017, has a base sales tax of 7.25% (composed of a 6% state tax and a 1.25% uniform local tax) -- the highest statewide sales tax rate in the nation. The tax can total up to 10.25% with local sales tax included, depending on the city in which the purchase is made. Sales and use taxes in the state of California are collected by the publicly elected Board of Equalization, whereas income and franchise taxes are collected by the Franchise Tax Board. Many cities have a combined total sales tax of at least 8.75%.
Title: Amazon tax
Passage: Many U.S. states have passed online shopping sales tax laws designed to compel Amazon.com and other e-commerce retailers to collect state and local sales taxes from its customers. Amazon.com originally collected sales tax only from five states as of 2011, but as of April 2017 collects sales taxes from customers in all 45 states that have a state sales tax and in Washington, D.C. Amazon does not collect sales taxes from Alaska, Delaware, Montana, New Hampshire, and Oregon, since those states do not have state sales taxes. Additionally, approximately half of all Amazon.com purchases are sold on the Amazon Marketplace through 3rd - party vendors, and these purchases remain free of tax except for in Washington state, where these purchases (starting in 2018) are now taxed.
Title: KBLG
Passage: In February 2013, KBLG signed a multi-year agreement with Grizzly Sports Properties to broadcast all University of Montana football and men’s basketball games to Billings listeners.
Title: Capital gains tax in Australia
Passage: A capital gains tax (CGT) was introduced in Australia on 20 September 1985, one of a number of tax reforms by the Hawke / Keating government. The CGT applied only to assets acquired on or after that date, with gains (or losses) on assets owned on that date, called pre-CGT assets, not being subject to a CGT. In calculating the capital gain, the cost of assets held for 1 year or more was indexed by the consumer price index (CPI). This meant the part of a gain due to inflation was not taxed. Indexation was not used if an asset was held for less than 12 months or a sale results in a capital loss. Also, an averaging process was used to calculate the CGT. 20% of a taxpayer's net capital gain was included in income to calculate the taxpayer's average tax rate, and the rate was then applied to all the taxpayer's gross income (i.e., including the capital gain in full). So if a large capital gain were to push a taxpayer into a higher tax bracket in the tax year of sale, the brackets was stretched out, allowing the taxpayer to be taxed at their average tax rate.
Title: Capital gains tax in the United States
Passage: In the United States of America, individuals and corporations pay U.S. federal income tax on the net total of all their capital gains. The tax rate depends on both the investor's tax bracket and the amount of time the investment was held. Short - term capital gains are taxed at the investor's ordinary income tax rate and are defined as investments held for a year or less before being sold. Long - term capital gains, on dispositions of assets held for more than one year, are taxed at a lower rate.
Title: Sixteenth Amendment to the United States Constitution
Passage: The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows the Congress to levy an income tax without apportioning it among the states or basing it on the United States Census. This amendment exempted income taxes from the constitutional requirements regarding direct taxes, after income taxes on rents, dividends, and interest were ruled to be direct taxes in the court case of Pollock v. Farmers' Loan & Trust Co. (1895). The amendment was adopted on February 3, 1913.
Title: History of education in the United States
Passage: After the Revolution, northern states especially emphasized education and rapidly established public schools. By the year 1870, all states had tax - subsidized elementary schools. The US population had one of the highest literacy rates in the world at the time. Private academies also flourished in the towns across the country, but rural areas (where most people lived) had few schools before the 1880s.
Title: Buffett Rule
Passage: The Buffett Rule is named after American investor Warren Buffett, who publicly stated in early 2011 that he believed it was wrong that rich people, like himself, could pay less in federal taxes, as a portion of income, than the middle class, and voiced support for increased income taxes on the wealthy. The rule would implement a higher minimum tax rate for taxpayers in the highest income bracket, to ensure that they do not pay a lower percentage of income in taxes than less-affluent Americans. In October 2011, Senate leader Harry Reid (D–Nev.) proposed a 5.6 percent surtax on everyone making over a million dollars a year to pay for new stimulus provisions, but the change did not go through.
Title: History of taxation in the United States
Passage: The history of taxation in the United States begins with the colonial protest against British taxation policy in the 1760s, leading to the American Revolution. The independent nation collected taxes on imports (``tariffs ''), whiskey, and (for a while) on glass windows. States and localities collected poll taxes on voters and property taxes on land and commercial buildings. There are state and federal excise taxes. State and federal inheritance taxes began after 1900, while the states (but not the federal government) began collecting sales taxes in the 1930s. The United States imposed income taxes briefly during the Civil War and the 1890s. In 1913, the 16th amendment was ratified.
Title: Nonprofit organization
Passage: Individual states and localities offer nonprofits exemptions from other taxes such as sales tax or property tax. Federal tax-exempt status does not guarantee exemption from state and local taxes, and vice versa. These exemptions generally have separate applications and their requirements may differ from the IRS requirements. Furthermore, even a tax exempt organization may be required to file annual financial reports (IRS Form 990) at the state and federal level. A tax exempt organization's 990 forms are required to be made available for public scrutiny. An example of nonprofit organization in the US is Project Vote Smart.
Title: Goods and services tax (Australia)
Passage: The tax was introduced by the Howard Government and commenced on 1 July 2000, replacing the previous federal wholesale sales tax system and designed to phase out a number of various State and Territory Government taxes, duties and levies such as banking taxes and stamp duty.
Title: State income tax
Passage: Nine U.S. states do not level a broad - based individual income tax. Some of these do tax certain forms of personal income:
Title: Mummy Mountain (Nevada)
Passage: Mummy Mountain is the second highest peak of the Spring Mountains in Clark County, Nevada, United States. It is the twentieth highest mountain in the state. The mountain is located within the Mount Charleston Wilderness and the Humboldt-Toiyabe National Forest.
Title: Little League World Series
Passage: The Little League World Series consists of 16 teams -- 8 from the United States, and 8 from other countries. Prior to 2001 there were eight teams in the LLWS: four U.S. teams (Central, South, East, and West) and four international (Canada, Latin America, Europe, and the Far East). It should be noted that in 1975 there were only four teams in the LLWS, all from the United States. The international teams returned in 1976. Starting in 1976, two brackets were established, with the four U.S. regions competing in the U.S. bracket and the four non-U.S. regions competing in the International bracket. The U.S. national champion and the International champion then compete for the World Series title.
KBLG Montana