Exploring what's new, relevant and upcoming in the ever-changing world of sales tax.
Jun 01, 2015 Sales Tax DataLINK
Sales tax placed on goods is one of the largest sources of state revenue. However, in recent years state lawmakers have found residents spending more on
services than they do on goods. This development has states rethinking their sales tax policies in an effort to combat revenue gaps. Vermont has found
that services account for 70 percent of consumer activity and attest that it is Vermont’s failure to tax the fast growing service economy that has
led to state revenues failing to keep pace with growth in the state budget. Supporters of sales tax expansion say it will create an equal tax code
that doesn’t favor one form of consumption over another.
Jan 06, 2015 Sales Tax DataLINK
Back in the 1930s when state sales taxes were established, shopping was fairly simple, and it was quite separate from buying services. Your great-grandparents would go to the grocer to buy food and take away bags of tangible goods. Same at the hardware store or the haberdasher or the bookstore. Read More