- Does South Carolina collect state income taxes on personal earnings?
Yes and no. Depending on their individual tax bracket, South Carolina residents pay between 0% and 7% in state income taxes.
- How does South Carolina tax income from capital gains?
In South Carolina, 44% of an individual’s capital gains are not subject to taxation.
- What is South Carolina’s minimum wage?
The minimum wage in South Carolina currently stands at the federal rate of $7.25/hr.