MEDIA ALERT: Black Friday Buying Power: Who Pays the Most and Least in Sales Taxes?

Wolters Kluwer Shows States With the Top 10 Highest and Lowest Sales Tax Rates

Black Friday: Top 10 Highest & Lowest State Sales Tax Rates (Graphic: Business Wire)

--()--What: Black Friday shoppers gearing up for holiday spending sprees will also pay applicable sales taxes — some more than others. There is a wide variety of state sales tax rates, ranging from states without sales taxes at all to those that add more than seven percent at checkout.

States that do not impose sales taxes include: Alaska, Delaware, Montana, New Hampshire and Oregon. However, there are some local sales and use taxes that these states still authorize, such as Delaware’s lodging tax, limited local sales taxes that Montana’s resort communities may apply and New Hampshire’s limited state sales tax on meals.

Additionally, consumers may pay more than just their state sales taxes, with some communities tacking on local sales taxes that only apply in certain areas. There’s also the issue of Internet retailers who may not collect sales or use taxes on purchases made in states in which they have no physical presence. Online shoppers need to know they have an obligation to pay use taxes if the online retailer fails to collect tax – on Cyber Monday or all year-long.

Who: State sales and use tax analysts for Wolters Kluwer in its US Tax & Accounting businesses (www.CCHGroup.com) can provide specific details for reporters regarding state sales and use tax collections as well as state tax compliance rules for e-commerce transactions.

Other state sales and use tax issues impacting holiday shoppers that Wolters Kluwer tax experts can address include:

  • Changes in state sales tax rates over time
  • Whether online shoppers have to report unpaid sales taxes on their Form 1040 returns
  • What some state governments are doing to ensure the proper collection of tax

When: Wolters Kluwer sales and use tax experts are available for phone interviews to provide background and analysis on state-related tax topics throughout the holiday shopping season.

Where: Additional details are provided in the accompanying Wolters Kluwer, CCH Smart Chart™ of the latest 2015 State Sales Tax Rates (state-level sales taxes only). Smart Charts provide highly visual and easy-to-find information on hundreds of federal and state tax topics via the powerful CCH® IntelliConnect® research platform.

Don’t see your state listed? Need to talk with an expert? For reporters looking for sales tax information on all states or interview requests with state tax experts — please contact Laura Gingiss (847) 267-2213 or Eric Scott (847) 267-2179.

Contacts

Wolters Kluwer Tax & Accounting US
Laura Gingiss, (847) 267-2213
or
Eric Scott, (847) 267-2179

Contacts

Wolters Kluwer Tax & Accounting US
Laura Gingiss, (847) 267-2213
or
Eric Scott, (847) 267-2179