States Ranked by Sales Tax

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 ratchet-up to fund their next big “project du jour.” That being said, the folks over at the Tax Foundation recently put together some numbers showing sales tax rankings from their 2022 State Business Tax Climate Index. States that rank poorly have high sales tax rates, high excise tax rates, complicated sales tax administration, and apply the sales tax to a variety of business inputs while exempting many final consumer purchases. Continue reading HERE...