You could say that sales taxes are the form of taxation that truly affects every person – it’s the classic consumption tax. It is also the one politicians often reach for first to ratchet-up to fund their next project du jour. That being said, the folks over at the Tax Foundation recently put together some numbers showing combined sales tax rates (state & local where applicable) for each state. Interestingly, there are four states that do not have a state sales tax and there are some with a sales tax but no income tax. Indeed…
Click here to read the full report at the Tax Foundation.