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  2. Business and occupation tax - Wikipedia

    en.wikipedia.org/wiki/Business_and_occupation_tax

    The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.

  3. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. These tax rates vary by state and by entity type. Taxable income conforms closely to federal taxable income in most states with limited modifications. [2]

  4. Fuel taxes in the United States - Wikipedia

    en.wikipedia.org/wiki/Fuel_taxes_in_the_United...

    The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023. On average, as of April 2019, state and local taxes and fees add 34.24 cents to gasoline and 35.89 cents to diesel, for a total US volume-weighted average fuel tax of 52.64 cents per gallon for gas and 60.29 ...

  5. Kentucky's income tax rate set to drop again. Here are the ...

    www.aol.com/kentuckys-income-tax-rate-set...

    Here are the details. The individual income tax rate in Kentucky is set to drop again at the start of 2026. Republican leaders in the General Assembly announced this week that the state’s budget ...

  6. What to know about filing federal and Kentucky tax returns - AOL

    www.aol.com/know-filing-federal-kentucky-tax...

    The official start date for electronic filing of tax year 2023 Kentucky returns began Jan. 23, according to the state's tax office. The Internal Revenue Service will begin accepting and processing ...

  7. Kentucky meets conditions for lawmakers to cut income tax in 2026

    www.aol.com/news/kentucky-meets-conditions...

    August 21, 2024 at 7:10 PM. FRANKFORT, Ky. (AP) — Kentucky has met the financial conditions needed to set in motion another cut in the state's personal income tax rate that could take effect in ...

  8. As Kentucky meets conditions to drop income tax to 3.5% ... - AOL

    www.aol.com/kentucky-meets-conditions-drop...

    The Kentucky state budget has met the requirements for another cut to the personal income tax. If approved by the General Assembly next year, the state personal income tax rate would drop from 4% ...

  9. Tax rate - Wikipedia

    en.wikipedia.org/wiki/Tax_rate

    e. In a tax system, the tax rate is the ratio (usually expressed as a percentage) at which a business or person is taxed. The tax rate that is applied to an individual's or corporation's income is determined by tax laws of the country and can be influenced by many factors such as income level, type of income, and so on. [1]

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