Showing posts with label Tax Foundation. Show all posts
Showing posts with label Tax Foundation. Show all posts

Friday, February 17, 2012

State and Local Sales Taxes in 2012

From the Tax Foundation blog:
Introduction

Retail sales taxes are a transparent way to collect tax revenue. While graduated income tax rates and brackets are complex and confusing to many taxpayers, the sales tax is easier to understand: people can reach into their pocket and see the rate printed on a receipt.

Less known, however, are the local sales taxes collected in 36 states. These rates can be substantial, so a state with a moderate state sales tax rate could actually have a very high combined state-local rate compared to other states. This report provides a population-weighted average of local sales taxes in each state in an attempt to give a sense of the statutory local rate for each state.
State and Local Sales Taxes in 2012 || The Tax Foundation

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