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Sales Tax Calculator
For Total Sales of $103,000
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Annual
Brackets
Rates
Income
$103,000
Sales Tax Rate
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Total Sales Tax
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Sales tax is a crucial component of state revenue, influencing both businesses and consumers in various ways. In South Carolina, understanding the nuances of sales tax can help individuals and businesses make informed decisions. Whether you're a resident, a business owner, or someone planning to move to the Palmetto State, knowing about South Carolina sales tax is essential.
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Table of contents
Sales tax in South Carolina is a consumption tax imposed on the sale of goods and services. It is collected by retailers at the point of sale and passed on to the state government. This tax is crucial for funding state and local government projects, including education, transportation, and public safety. Understanding how this tax works is vital for both consumers and businesses operating within the state.
In South Carolina, the sales tax applies to most goods and services, but there are notable exceptions. Here are some examples:
Calculating sales tax in South Carolina involves applying the South Carolina sales tax rate to the purchase price of taxable goods and services. Businesses can use a South Carolina sales tax calculator or an SC sales tax calculator to ensure accuracy. The tax rate can vary depending on the county or municipality, as local jurisdictions may impose additional sales taxes on top of the state rate.
With sales tax laws constantly evolving, apps like FlyFin make it easier to manage taxes. FlyFin is leading the change in the tax industry by using AI alongside experienced CPAs. Whether the filing is simple or complex, FlyFin ensures highly accurate filings 20 times faster and at 5 times the cost savings. Best of all, your first sales tax filing is free, letting you grow your business while FlyFin's CPAs handle the tricky tax stuff.
Sales tax plays a significant role in South Carolina's local economy by providing essential funding for public services and infrastructure projects. This tax revenue supports education, healthcare, and transportation, contributing to the overall quality of life in the state. By understanding the impact of sales tax, residents can appreciate its importance in maintaining a thriving community.
A sales tax nexus in South Carolina refers to the connection between a business and the state that requires the business to collect and remit sales tax. This connection can be established through physical presence, such as a store or office, or economic presence, like significant sales volume. Businesses must be aware of their nexus status to comply with state tax laws.
Businesses in South Carolina must file sales tax returns using the appropriate forms, such as the ST-3 form for monthly filers. These forms can be submitted electronically through the South Carolina Department of Revenue's online portal. Accurate and timely filing is crucial to avoid penalties and ensure compliance with state regulations.
South Carolina does offer filing extensions for sales tax returns under certain circumstances. Businesses must apply for an extension before the original due date and provide a valid reason for the request. It's important to note that an extension to file does not extend the time to pay any taxes owed.
The history of sales tax in South Carolina dates back to the early 20th century when the state first introduced the tax to generate revenue for public services. Over the years, the South Carolina sales tax rate has evolved, reflecting changes in economic conditions and policy priorities. Understanding this historical context can provide valuable insights into current tax policies.
Compared to other states, South Carolina's sales tax rate is relatively moderate. However, local policies can significantly impact the overall tax burden, as counties and municipalities have the authority to impose additional local sales taxes. These local variations can affect consumer behavior and business operations across the state.
South Carolina has implemented unique administrative processes to streamline sales tax collection and enhance compliance. For instance, the state offers online resources, such as the South Carolina sales tax calculator, to help businesses accurately calculate and remit taxes. Additionally, the state provides educational materials and support to assist businesses in navigating the complexities of sales tax regulations.
In conclusion, understanding the intricacies of sales tax in South Carolina is essential for both consumers and businesses. By staying informed about the South Carolina sales tax rate, taxable and exempt items, and filing requirements, individuals and businesses can ensure compliance and make informed financial decisions.
County
Total Sales Tax Rate
Facts and figures about
County, South Carolina
10,049
CPAs across the state
5,118,425
Residents as of 2022
292,470
People claiming self- employment tax deductions
124,010
S-Corps statewide
193,610
People taking itemized deductions
314,760
People claiming the QBI deduction
😵💫 Smart CPAs are accessible and affordable, but there's only 1 South Carolina CPA for every 300 residents.
😓 19 million taxpayers filed late last year. Smart CPAs can help taxpayers be prepared.
😨 Smart CPAs can help the 30 million Americans who miss tax deductions each year.
😣 Smart CPAs can put an end to the overpaying on taxes that half of Americans do every year.
South Carolina State Income Tax Rates & Brackets for 2023
The following tables represents South Carolina's income tax rates and tax brackets:
SINGLE FILER
Brackets
Rates
$0 - $3,200
0.00%
$3,200 - $6,410
3.00%
$6,410 - $9,620
4.00%
$9,620 - $12,820
5.00%
$12,820 - $16,040
6.00%
$16,040+
7.00%
MARRIED FILING JOINTLY
Brackets
Rates
$0 - $3,200
0.00%
$3,200 - $6,410
3.00%
$6,410 - $9,620
4.00%
$9,620 - $12,820
5.00%
$12,820 - $16,040
6.00%
$16,040+
7.00%
Filing Status
Standard Deduction Amt.
Single
$12,950 (w)
Couple
#VALUE!
South Carolina State IRS Statistics of Income for 2020
Item
(All amounts are in 1000s of dollars)
Number of returns
Number of single returns
Number of joint returns
Number of head of household returns
Number of individuals
Adjusted gross income (AGI)
Total income: Number
Amount
Salaries and wages in AGI: Number
Amount
Business or profession net income (less loss): Number
Amount
Partnership/S-corp net income (less loss): Number
Amount
Self-employed health insurance deduction: Number
Amount
Student loan interest deduction: Number
Amount
Charitable contributions if took standard deduction: Number
Amount
Total itemized deductions: Number
Amount
State and local income taxes: Number
Amount
State and local general sales taxes: Number
Amount
Qualified business income deduction: Number
Amount
Child and dependent care credit: Number
Amount
Child and other dependent tax credit: Number
Amount
Self-employment tax: Number
Amount
Earned income credit: Number
Amount
Refundable education credit: Number
Amount
Recovery rebate credit: Number
Amount
Total tax liability: Number
Amount
Total additional Medicare tax: Number
Amount
Net investment income tax: Number
Amount
Tax due at time of filing: Number
Amount
Total overpayments: Number
Amount
All returns
2,519,240
1,205,320
850,970
381,800
4,618,640
159,006,018
2,459,460
160,894,725
1,991,820
104,719,984
418,740
4,362,337
124,010
10,077,395
48,210
373,717
148,140
118,710
644,960
170,323
193,610
7,231,098
168,330
2,073,292
21,450
32,924
314,760
2,197,894
90,830
50,419
602,870
1,199,544
292,470
874,657
485,360
1,158,915
99,980
88,019
477,010
685,791
1,741,340
19,404,474
46,340
81,878
55,770
258,996
530,170
2,837,508
1,902,240
6,160,656
Under $1
88,700
66,440
15,210
4,350
117,580
0
28,950
0
8,550
314,783
15,890
0
6,340
0
1,580
9,725
1,260
1,268
12,180
3,171
0
0
0
0
0
0
0
0
0
0
70
35
3,590
9,124
5,300
8,219
1,810
1,677
50,880
74,906
4,880
12,432
180
310
0
0
2,440
5,630
64,910
160,683
$1 under $10,000
343,260
274,980
29,500
32,650
367,820
1,696,488
343,230
1,751,303
245,390
1,333,499
57,080
127,148
3,430
0
2,570
7,474
3,660
2,990
41,650
9,947
2,650
58,706
890
2,488
1,290
829
550
181
10
3
290
103
42,400
29,348
115,780
146,287
11,130
9,563
91,300
138,913
51,340
32,306
30
28
0
0
23,990
11,854
274,920
405,681
$10,000 under $25,000
515,560
318,490
64,330
119,380
812,320
8,954,247
515,560
9,096,727
403,980
6,468,161
93,890
572,913
7,160
0
4,720
14,964
12,480
9,624
88,100
22,453
6,780
160,894
3,130
6,168
2,890
2,299
29,870
19,176
5,320
1,706
57,510
20,646
71,090
119,397
195,750
619,698
22,790
19,340
110,440
166,697
288,990
258,287
40
65
0
0
50,650
49,103
449,520
1,305,001
$25,000 under $50,000
635,260
320,280
131,210
153,010
1,131,350
22,943,782
635,260
23,184,171
546,950
18,164,590
83,960
560,091
12,590
54,874
6,670
27,978
41,320
31,294
148,930
38,577
20,020
496,273
14,160
31,094
4,820
5,438
62,700
94,679
24,790
14,706
202,270
252,492
53,390
136,098
162,900
381,614
24,170
20,884
89,160
123,369
491,010
1,119,398
100
244
0
0
115,990
155,981
515,720
1,445,396
$50,000 under $75,000
330,420
130,800
137,040
45,960
658,440
20,258,118
330,420
20,467,740
277,000
14,972,573
49,160
454,672
13,060
122,315
5,390
29,801
33,300
27,187
106,510
28,331
27,520
680,330
22,850
77,365
4,000
5,386
48,460
112,663
14,010
7,543
108,360
252,542
33,140
101,249
5,630
3,097
12,650
11,354
46,040
60,185
305,500
1,444,407
70
87
20
41
89,910
183,162
239,640
641,481
$75,000 under $100,000
201,790
47,810
133,470
14,820
467,940
17,486,037
201,790
17,660,870
167,310
12,236,385
34,720
383,717
12,430
164,204
4,490
29,580
21,550
16,934
78,940
21,475
24,950
656,143
22,160
104,694
2,450
4,227
39,380
112,125
12,870
7,259
74,160
207,735
24,030
81,318
0
0
9,090
8,052
32,190
37,026
197,050
1,457,250
80
114
0
0
64,320
173,375
137,070
434,925
$100,000 under $200,000
301,660
37,260
249,790
9,740
780,670
40,705,092
301,660
41,135,805
254,500
28,069,754
58,040
980,122
32,410
856,352
10,470
88,207
34,580
29,413
133,650
36,625
61,410
1,936,928
57,380
445,147
3,620
7,912
81,280
365,576
25,690
14,565
125,110
361,727
41,510
182,324
0
0
18,340
17,149
56,100
84,236
300,020
4,538,340
2,850
822
1,160
411
125,750
550,928
175,340
743,565
$200,000 under $500,000
84,170
7,620
74,150
1,590
231,120
23,908,765
84,170
24,261,157
72,680
15,001,065
20,550
916,065
24,690
2,076,429
8,140
99,252
0
0
30,690
8,527
37,650
1,516,325
35,830
604,278
1,700
4,668
40,280
478,078
7,210
4,039
34,980
104,092
17,510
130,757
0
0
0
0
910
459
84,120
4,048,659
31,490
23,790
38,780
44,641
46,800
611,504
37,110
398,176
$500,000 under $1,000,000
12,710
1,120
11,250
210
35,950
8,563,256
12,710
8,706,298
10,760
4,254,700
3,680
329,402
7,540
1,856,163
2,610
40,544
0
0
3,230
914
8,360
524,714
7,860
296,066
470
1,590
7,980
230,013
730
458
130
172
3,830
44,267
0
0
0
0
0
0
12,710
2,009,003
8,010
24,145
10,720
51,596
7,370
364,853
5,290
182,236
$1,000,000 or more
5,710
510
5,030
100
15,450
16,990,853
5,710
17,090,158
4,690
3,904,474
1,760
319,951
4,370
5,709,132
1,590
26,192
0
0
1,070
303
4,290
1,200,785
4,070
505,992
210
575
4,270
785,403
200
140
0
0
2,010
40,775
0
0
0
0
0
0
5,710
4,484,392
3,490
32,273
5,090
162,307
2,950
731,118
2,720
443,512
Sales Tax in other states
Sales Tax in other Counties of South Carolina
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