3 ms·
I guess these states think they can pull money from the sky ? Revenue needs to come from somewhere. Plus with the new tariffs, I doubt removing taxes will hel
by jmclnx 2y ago
I guess these states think they can pull money from the sky ? Revenue needs to come from somewhere.
Plus with the new tariffs, I doubt removing taxes will help much. But were I am, groceries are considered a basic need, so the states in my area do not tax them.
I did not even realize some places taxed food at grocery stores.
- LarsAlereon 2y agoIn general sales tax isn't a significant source of revenue for states, to the point where some states don't tax retail sales at all.
- jfengel 2y agoI just had a quick look at my state. Sales tax makes up 10.5% of our revenue. If you exclude things like money coming from the federal government, it's about twice that. That's just a single data point; I was just curious. We already don't tax most groceries, so that's not a tactic we could apply. I assumed that most states with sales taxes exclude groceries.
- LightHugger 2y agoWell, everyone needs food, but not everyone needs luxury items. Lowering taxes on basics like groceries and raising them on luxury items or even better, raising income tax for the rich, would be way better.
- 34679 2y agoThey'll still tax the income used to buy the groceries, the profits made from selling them, the properties used to store and prepare them, the automobiles and fuel used to transport them, and the payroll of the companies selling them.