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Tuesday, November 5, 2024

Residents and visitors to South Carolina paid $16.1 billion in taxes in 2022

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South Carolina collected $16.1 billion in taxes in 2022, a 20.8 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from income taxes ($8.1 billion) and sales and gross receipts taxes ($7 billion).

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 sets the tax classifications among the survey categories and cautions they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2022 South Carolina Tax Collections
Type of TaxAmount
Property taxes$86,957,000
Sales and gross receipts taxes$6,988,768,000
License taxes$678,982,000
Income taxes$8,059,011,000
Miscellaneous taxes$237,831,000
General sales and gross receipts taxes$4,876,547,000
Selective sales and gross receipts taxes$2,112,221,000
Alcoholic beverages sales tax$222,505,000
Amusements sales tax$53,981,000
Insurance premiums sales tax$289,114,000
Motor fuels sales tax$944,249,000
Pari-mutuels sales tax$0
Public utilities sales tax$29,128,000
Tobacco products sales tax$27,914,000
Other selective sales and gross receipts taxes$545,330,000
Alcoholic beverages license$13,717,000
Amusements license$6,344,000
Corporations in general license$163,072,000
Hunting and fishing license$23,734,000
Motor vehicle license$295,330,000
Motor vehicle operators license$4,723,000
Public utilities license$14,713,000
Occupation and business license, NEC$140,838,000
Other license taxes$16,511,000
Individual income taxes$6,854,835,000
Corporations net income taxes$1,204,176,000
Death and gift taxes$0
Documentarty and stock transfer taxes$237,831,000
Severance taxes$0
Taxes, NEC$0

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