Posted by
Defend America on Wednesday, March 10, 2010 6:45:16 PM
U.S. Sales Tax Rates Hit Record High
William P. Barrett,
03.08.10, 06:00 AM EST
Shopping blues: Top tax 12%. Chicago's 10.25% highest big-city rate. More Internet tax fights loom.
While President Obama's push to raise federal income taxes for the wealthy gets lots of attention, the continuing upward creep in the sales tax rates imposed by state and local governments has gotten less notice.
But
Vertex Inc., which calculates sales tax for Internet sellers, reports
that the average general sales tax rate nationwide reached 8.629% at
the end of 2009, the highest since the Berwyn, Pa., company started
tracking data in 1982. That was up a nickel on a taxable $100 purchase
from a year earlier and up nearly 40 cents for the decade. The highest
sales tax rate in the country now stands at 12%.
http://www.forbes.com/2010/03/05/sales-tax-rates-record-high-personal-finance-shopping-tax.html