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LOSTs are always appended onto a state's base sales tax rate, most commonly at a rate of 1%. For example, in Iowa, the base sales tax rate is 6% statewide, or six cents per dollar. [1] [2] If a city or county in Iowa were to implement a local option sales tax, this would result in a 7% sales tax rate, or seven cents per dollar. Since a LOST is ...
California has the highest base sales tax rate, 7.25%. Including county and city sales taxes, the highest total sales tax as of September 1, 2013, was in Arab, Alabama, 13.50%. [2] Sales tax is calculated by multiplying the purchase price by the applicable tax rate. The seller collects it at the time of the sale.
The tax for both counties went into effect on July 1, 2007 for a period of 10 years, making it a statewide tax. Iowa currently has a 6% state sales tax rate in addition to the 1% SILO tax and any other Local Option Sales Taxes (LOST) which may be in effect in each county, often an additional 1%. [1]
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. Federal Sales Taxes. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax.
Sales tax is a tax on retail sales. Value added tax is a tax on manufacturing that taxes the difference between the cost of raw materials and the cost of the final product. FairTax is a proposal to replace every tax in a particular country with a single retail sales tax. To avoid having the tax being regressive, the tax system would also ...
Polk County is the most densely populated county at 864/sq mi (333.5/km 2), an increase in density from 2010 when it was 655.5/sq mi (253.08/km 2). [7] Polk County contains the state's capital and largest city, Des Moines. In addition, Iowa has one of the smallest percentages of counties whose boundaries are dictated by natural means, the vast ...
La Salle County refers to two counties and one parish in the United States, each named for French explorer René-Robert Cavelier, Sieur de La Salle:
Groveland Township is located in LaSalle County, Illinois. It is at the very southern end of LaSalle County. As of the 2010 census, its population was 628 and it contained 299 housing units. [2] Groveland Township was formed from Eagle Township sometime prior to September, 1856.