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U.S. Sales Tax rates hit record high

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Highway61 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-10 12:13 PM
Original message
U.S. Sales Tax rates hit record high
But, but, but.... they won't tell people why!

Hello.... cut progressive income taxes…shift the burden of revenue downward to the states and municipalities and they try to replace the loss revenues with regressive taxes such as sales taxes.

This country is full of moronic fools!


http://finance.yahoo.com/taxes/article/109012/us-sales-tax-rates-hit-record-high
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-10 12:15 PM
Response to Original message
1. This is a HUGELY important issue. State taxes are also more regressive. nt
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maxsolomon Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-10 12:16 PM
Response to Original message
2. Washington State just jacked it up .03.
meaning Seattle has a rate of 9.1%.

The legislature has crafted a brilliant vote in november, however: keep the hike in sales tax, or repeal it and institute a 1% income tax on incomes over 200k. we have never had an income tax in this state.
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Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-10 12:17 PM
Response to Original message
3. this is why dollar stores are booming
the poor keep getting hit over and over and over

this is why there will be a bloodbath in congress this yr
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Highway61 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-10 12:19 PM
Response to Reply #3
4. One can only hope
that there will be a bloodbath in congress
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Walk away Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-10 12:34 PM
Response to Original message
5. If the wealthy paid the same percentage of their income in taxes...
as I do, we wouldn't need sales tax.
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Highway61 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-10 12:36 PM
Response to Reply #5
6. Bingo!
n/t
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