Ad
related to: tennessee food sales tax rate calculator
Search results
Results From The WOW.Com Content Network
In Tennessee, food for human consumption is taxed at 5.5% (This was lowered from 6 to 5.5% in January 2008) and most other items of commerce at 7%, with local jurisdictions empowered to add as much as another 2.75% to this, making the overall sales tax rate in many jurisdictions, including the major urban areas, 8.25% on food and 9.75% on other ...
Food is taxed at a lower rate of 4%, but candy, dietary supplements and prepared food are taxed at 7%. [11] Local sales taxes are collected in most jurisdictions at rates varying from 1.5% to 2.75%, bringing the total sales tax to between 8.5% and 9.75%, with an average rate of about 9.5%, the nation's highest average sales tax. [12]
The sales tax rate in Larimer County is roughly 7.5%. Most transactions in Denver and the surrounding area are taxed at a total of about 8%. The sales tax rate for non food items in Denver is 7.62%. Food and beverage items total 8.00%, and rental cars total 11.25%. [76]
Jul. 27—Tennessee consumers look forward each year to the sales tax holiday on clothes, computers and school supplies. It's timed to back-to-school purchases, but it applies to shoppers of any ...
Because the rate of a sales tax does not change based on a person's income or wealth, sales taxes are generally considered regressive. However, it has been suggested that any regressive effect of a sales tax could be mitigated, e.g., by excluding rent, or by exempting "necessary" items, such as food, clothing and medicines. [21]
For premium support please call: 800-290-4726 more ways to reach us
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!