
State taxes
State taxes are charges imposed by individual states to fund public services like education, roads, and healthcare. They include various types such as income taxes, which are based on how much money you earn; sales taxes, added to most purchases; and property taxes, based on the value of your property. Rates and rules vary by state, influencing your overall cost of living. Paying state taxes is a legal obligation, and these funds help maintain essential services and infrastructure in your community.