Best and Worst States for Sales Tax
- Oct 29, 2014 | Gail Cole
Ever wondered which states have the best and worst sales tax systems? Each year, the non-partisan research organization Tax Foundation ranks the business tax climate of all fifty states. Sales tax is one of several taxes analyzed--others being corporate tax, individual income tax, unemployment tax, and property tax.
- New Hampshire
Few surprises here, as the top five do not have a statewide sales tax. Michigan, Maryland, Maine and Indiana do not have local sales taxes.
- New Jersey
- New Mexico
States at the bottom should know that change is possible. North Carolina jumped from 44th overall in 2013 to 16th in 2014, “the single largest rank jump in the history of the Index.” In other words, tax reform can work. This could give hope to the people Arizona, where transaction privilege tax simplification is already underway. And to this blogger, who moved from one of the best to one of the worst.
Read the Tax Foundation Index.
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