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Arizona's TPT is one of the few excise taxes in the country imposed on contracting activities rather than sales of construction materials. [64] Phoenix, the capital and largest city, has a 2% TPT rate. [65] A use tax applies to purchases made from out-of-state online retailers and catalogs.
t. e. Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee.
Taxation in the United States. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table includes the per capita tax collected at the ...
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Amazon is bumping its average national pay for contracted delivery drivers to roughly $22 an hour, up from $20.50 an hour, the company said Thursday.. The wage increase is part of Amazon’s $2.1 ...
After keeping interest rates at a 23-year high for over a year, the Fed is widely expected to announce Wednesday it is finally cutting its benchmark lending rate.
The state transaction privilege tax is 5.6%; however, county and municipal sales taxes generally add an additional 2%. The state rate on transient lodging (hotel/motel) is 7.27%. The state of Arizona does not levy a state tax on food for home consumption or on drugs prescribed by a licensed physician or dentist.
Savings interest rates today: Multiply your money at 10x the national APY (up to 5.50%) — Sept. 25, 2024 AOL Daily mortgage rates for Sept. 25, 2024: Average rates push under 6.20% for 30-year fixed terms