November 18, 2013

draberybearm the report factors in local sales taxes

California's sales beats by dr dre uk tax rate not the nation's highest During california perennial tax wars, one statistic comes up constantly the golden state 7.25% sales tax rate is the highest in the nation. That may not actually be true, according to a new report from the tax foundation, a nonpartisan washingtonbased group that often delves deeply into the complex world of tax policy.Though the statewide rate is the highest, draberybearm the report factors in local sales taxes, which are also paid at the cash register. Adjusted for those local rates, california has only the 12thhighest cheap dr dre effective sales tax rate, behind tennessee, arizona, louisiana and several others. "Retail sales taxes are a transparent way to collect tax revenue,"The report says. "While graduated income tax rates and brackets are complex and confusing to many taxpayers, the sales tax is easier to understand eople can reach into their pocket and see the rate printed on a monster beats by dre 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 statelocal rate compared to other states. " California sales tax dropped one percentage point last year when a temporary hike expired.Gov.Jerry brown wants to raise it again in november by a halfcent for five years as part of a complex tax plan to patch the state deficit. Even with that increase, california would not breach the report top five sales tax states.Its current effective rate is 8.13%.The state effective sales tax is only the 12thhighest in the nation, according to a new report.Credit avid paul morris / bloomberg draberybearmthe report factors in local sales taxes

Posted by: hallen22 at 06:11 AM | No Comments | Add Comment
Post contains 299 words, total size 2 kb.

Comments are disabled. Post is locked.
8kb generated in CPU 0.0069, elapsed 0.0487 seconds.
33 queries taking 0.0441 seconds, 47 records returned.
Powered by Minx 1.1.6c-pink.