Sales Tax Rates Hit All Time High

Wednesday, March 10th, 2010

 
 
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General

The average sales tax rate in the US is now north of 8.5%.

In addition to increased rates, in 2009 states reduced lookback periods for refunds, enacted legislation to increase the number of services that are subject to sales tax, and suspended many exemptions.

The following states increased their sales tax rates: District of Columbia & North Carolina - over 600 local rates were increased in 2009.


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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