What is the difference between State and Federal Tax?

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What is the difference between State and Federal Tax?

There are several differences between State and Federal Tax. The main difference between the two are: The Federal Tax (or federal income tax) is collected by the Federal government essentially to pay the Federal governments bills while the State Tax (state income tax) is collected by the individual states to pay their bills.

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What is the difference between State and Federal Tax?

There are several differences between State and Federal Tax. The main difference between the two are: The Federal Tax (or federal income tax) is collected by the Federal government essentially to pay the Federal governments bills while the State Tax (state income tax) is collected by the individual states to pay their bills.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

What is the difference between State and Federal Tax?

On your tax refunds, what does the Locality name means

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