Wolters Kluwer Tax & Accounting:
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Top 10 Highest and Lowest State Sales Taxes (Graphic: Business Wire)
What: Added sales tax is a big part of Black Friday spending sprees — there is a wide variety of state sales tax rates, ranging from states without sales taxes at all to those that add more than seven percent at checkout.
States that do not impose sales taxes include: Alaska, Delaware, Montana, New Hampshire and Oregon; however, there are some local sales and use taxes that these states still authorize.
Additionally, consumers may pay more than just their state sales taxes, with some communities tacking on local sales taxes that only apply in certain areas. There’s also the issue of Internet retailers who may not collect sales or use taxes on purchases made in states in which they have no physical presence. Online shoppers need to know they have an obligation to pay use taxes if the online retailer fails to collect tax – on Cyber Monday or all year-long.
Who: State sales and use tax analysts for Wolters Kluwer Tax & Accounting in the US (www.CCHGroup.com) can provide specific details for reporters regarding state sales and use tax collections as well as state tax compliance rules for e-commerce transactions.
Other state sales and use tax issues impacting holiday shoppers that Wolters Kluwer tax experts can address include:
- Changes in state sales tax rates over time
- Whether online shoppers have to report unpaid sales taxes on their Form 1040 returns
- What some state governments are doing to ensure the proper collection of tax
When: Wolters Kluwer Tax & Accounting state sales and use tax experts are available for phone interviews to provide background and analysis on state-related tax topics throughout the holiday shopping season.
Don’t See Your State Listed? Need to Talk with an Expert? For reporters looking for sales tax information on states not listed among the highest or lowest as well as interview requests with state tax experts — please contact Marisa Westcott, +1.212.771.0853.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171121005658/en/
