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*80160200* Taxation and Revenue Department New Mexico Tax Newmexico 2008

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hello and welcome to icalculator's video series on U.S tax basics in this video we'll be focusing on the state of New Mexico we will cover the state's history types of taxes with detailed explanations and the various tax exemptions available so you can make better informed financial decisions for yourself or your business New Mexico became the 47th state in the United States on January 6 1912. the state's main GDP comes from Industries such as oil and gas tourism and agriculture New Mexico's unique cultural and economic features including its diverse population Rich history and vast natural resources have shaped its tax system the state has experienced various tax related events including the implementation of a sales tax in 1933 and the adoption of an income tax in 1953. it's important to understand the various taxes and tax exemptions so you can make better informed financial decisions for yourself or your business first let's t

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