How High are 2020’s Sales Taxes in Your State?

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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.

 

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Director of Education & Outreach, National Real Estate Investors Association

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