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SALES TAXES REACH RECORD HIGHS

Posted by Admin Posted on Feb 16 2011

Vertex, Inc. released its 2010 Tax Rate Report.  The report finds that combined sales tax rates reached an average of 9.64%, breaking the record of 8.63% reached in 2009.

California has the highest combined rate at 7.25%.  New Jersey tied with four other states - Indiana, Mississippi, Rhode Island and Tennessee - for second place, at 7%.

The ranking only considers rates, not the items to which the tax is applied.

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