![]() The table below shows the tax rates for all income earners in South Carolina. So as income increases to higher brackets, so does the percentage of income you pay in taxes. Like the federal income tax, the South Carolina state income tax applies marginal tax rates based on income tax brackets. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. The state also has some of the lowest property and gas taxes in the country, but its total sales tax, when including local rates, ranks in the top 20 across the country.Ī financial advisor can help you understand how taxes fit into your overall financial goals. While South Carolina’s top income tax of 7% is one of the highest in the country, the bottom rate is the lowest. The state’s license plates read, “Smiling Faces, Beautiful Places,” but is the tax system in the Palmetto State as welcoming to newcomers as the scenery and people? The answer depends on the specifics of your situation. With its sandy beaches and warm weather, South Carolina can be an attractive choice for outsiders looking to relocate. Gas tax: 28 cents per gallon of regular gasoline and diesel.Property tax: 0.52% average effective rate.
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