VATupdate

Share this post on

Sales taxes generated 32.2 percent of state tax revenue in fiscal year 2020

Sales taxes generated 32.2 percent of state tax revenue in fiscal year 2020, and are a significant source of revenue for all 45 states which impose them. They also constitute a major local government revenue stream in some states.

Source Tax Foundation

Sponsors:

VAT news
VAT news

Advertisements: