Since states will be forced to eliminate their income tax and combine it with the sales tax they already have, it will make for a larger rate, although since the base of taxable goods will be larger (most states don't tax food and housing) the added rate probably won't be as high as 10%. I would guess it would typically be in the 6-8% range, resulting in a total sales tax of slightly more than 35%. Yes, very ugly.
I would guess it would typically be in the 6-8% range, resulting in a total sales tax of slightly more than 35%. Yes, very ugly.We don't have an income tax here in Texas and my state and local tax totals 8.25%.