For every dollar how much tax

Combined sales tax rate. Max sales tax rate. New Hampshire. New Jersey. New Mexico. New York. North Carolina. North Dakota. Rhode Island. What is the tax on it and what is the total price including tax? Firstly, divide the tax rate by 7. Note: to easily divide by , just move the decimal point two spaces to the left. You know that the tax rate at your state is 7.

What is the tax value? A tax of 7. So, divide 7. Divide the final amount by the value above to find the original amount before the tax was added. In this example: This is the price excluding taxes. The answers astounded me. Clearly most people think tax rates have gone UP.

But only one respondent believed that our income tax rates are LESS today than they were a few years ago. Indeed far less than what our parents or grandparents paid. The fact is tax rates have gone down over the past 40 years.

Yes you read that right: 70 cents of a dollar earned was paid out in tax to the IRS.