Of the $10.6 billion in taxes collected by South Carolina in 2018, $4.9 billion came from income taxes, a 7.5 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).
The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.
The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.
Below is a breakdown of how taxes were classified by subcategory and how much was collected.
South Carolina Tax Collections 2018 vs. 2017
Source: U.S. Census Bureau
Sales and gross receipts taxes
General sales and gross receipts taxes
Selective sales and gross receipts taxes
Alcoholic beverages sales tax
Insurance premiums sales tax
Public utilities sales tax
Tobacco products sales tax
Other selective sales and gross receipts taxes
Alcoholic beverages license
Corporations in general license
Hunting and fishing license
Motor vehicle operators license
Occupation and business license, NEC
Corporations net income taxes
Documentary and stock transfer taxes