Tennessee Has Highest Combined State-Local Sales Tax Rates According To Report

Tuesday, March 18, 2014

The nonpartisan Tax Foundation released on Tuesday, an updated report of sales taxes throughout the states in 2014. Using a population-weighted average of local sales taxes, the report details the combined state and local sales tax rates for each state and explains how sales taxes fit into a state’s overall tax structure.

Additionally, the report details the significant recent changes that have taken place in states’ treatments of sales taxes.

The key findings include:

  • 45 states collect statewide sales taxes.
  • 38 states collect local sales taxes.
  • The five states with the highest average combined state-local sales tax rates are Tennessee (9.45 percent), Arkansas (9.19 percent), Louisiana (8.89 percent), Washington (8.88 percent), and Oklahoma (8.72 percent).
  • Virginia, Arkansas, Ohio, and Maine have recently raised sales tax rates.
  • Arizona, Kansas, and the District of Columbia have recently cut sales tax rates.
  • Sales taxes rates differ by states, but sales tax bases also impact how much revenue is collected from a tax and how the tax effects the economy.
  • Differences in sales tax rates cause consumers to shop across borders or buy products online.

“Sales taxes are some of the most easily understood taxes because every time a consumer makes a purchase, they can see the rate on the receipt” says Tax Foundation economist Scott Drenkard.

The study addresses the fact that 38 states allow local governments to levy sales taxes within their jurisdiction. These local rates, when combined with the statewide rates, can result in substantially larger tax bites.

“Of course, sales taxes are just one part of an overall tax structure and should be considered in context,” said Mr. Drenkard. “For example, Washington State has high sales taxes but no income tax; Oregon has no sales tax but high income taxes. While many factors influence business location and investment decisions, sales taxes are something within policymakers' control that can have immediate impacts.”

Tor read the full report, go to State and Local Sales Tax Rates in 2014.



New Hamilton County Businesses

Here are the new businesses from the County Clerk's office: A2Z CANVASS NITA  SLATTON 2 RETAIL SALES AND SERVICE OF CANOPY'S 2001 WHEELER AVE CHATTANOOGA TN 37406 BAREFOOT GYPSY BARBARA  RODRIGUEZ 3 CRAFTS, GIFT SALES ONLINE 3600 LEE PIKE SODDY DAISY TN 37377 BAXTER HOME INSPECTIONS CHARLES H BAXTER, III 3 HOME INSPECTIONS ... (click for more)

Templeton And Cothern Become Members At Patrick, Beard, Schulman & Jacoway, P.C.

Patrick, Beard, Schulman & Jacoway, P.C. announces that John H. Templeton and Jeremy M. Cothern have been elected to firm membership. The 15-attorney, full service law firm offers business formation, governance, and transactions, estate planning, probate, and civil and criminal litigation for businesses, utilities, government entities, and individuals.  Mr. Templeton ... (click for more)

1 Killed, Another Injured In Shooting On The Southside Early Sunday Morning; Delivery Driver Carjacked On Southside Earlier

One person was killed and a second person injured in a shooting on the Southside early Sunday morning. The victims are Sharone Porter, 22, who was killed, and Torrie Porter, 24, who had non-life threatening injuries.  At 2:47 a.m., Chattanooga Police responded to 1400 Cowart St.  on a person shot. Upon arrival, Chattanooga Police found two victims suffering ... (click for more)

Bradley County Deputy Shoots And Kills Stabbing Suspect At Charleston

A Bradley County deputy shot and killed a man who was a suspect in a stabbing early Sunday morning. The Sheriff's Office said, "At approximately 11:54 p.m. on Saturday, a call was received at the Cleveland/Bradley County 911 Center to report a stabbing at a residence on Leyland Drive in Charleston. "The caller indicated a male had been stabbed and another male had fled from ... (click for more)

The Growing Monopoly

Over the last decade, five tech giants have risen to the top, and created, discovered and invented services and products that have made these companies worth billions today. Those five, of course, are Facebook, Apple, Amazon, Microsoft, and Google. Each of these companies are responsible for several products and services that we use in our everyday lives. They have devoured the ... (click for more)

Roy Exum: The Last Day Of School

AUTHOR’S NOTE: This story first appeared in the Chattanooga News-Free Press in the late 1970s and every year about this time I am asked repeatedly about it. It is far and away the most famous story I have ever written – copies have been sent to me from numerous foreign countries, it’s included in teaching manuals and people I haven’t seen in years get in touch when they read it ... (click for more)