Is Toilet Paper Taxed in Vermont? Taxation in Vermont

Taxed Items in Vermont

Vermont implements a 6% sales tax plus an additional 1% in some cities on various items, including:

  • Toilet paper
  • Soft drinks

The state is also known for its high property and income tax rates. The following are subject to tax in Vermont:

  • Property taxes are high compared to other states.
  • Income taxes are high with steep rates.
  • Most retirement income is taxed.
  • Some Social Security benefits are taxed.
  • Vermont has an estate tax.

Tax Exemptions in Vermont and New Mexico

Despite the various taxes, there are items and benefits that are exempt in both Vermont and New Mexico:

  • Many essentials are not taxed in Vermont.
  • Food, food products, and beverages (excluding soft drinks) are exempt from Vermont sales tax.
  • Clothing is tax-exempt in Vermont, with specific exceptions for accessories, protective equipment, and sports clothing.

In contrast, New Mexico offers the following tax benefits:

  • Does not tax food.
  • Provides veterans with benefits like tax exemptions, scholarships, and reduced licenses.

Leave a Comment