Wireless Taxes average over 17 percent2014-10-10 10:28 by DanielaTags: Wireless
A recent report released by the Tax Foundation shows that Americans pay an average rate of 17 percent in combined federal, state and local taxes and fees on wireless service. Among the states with highest state-local rates are: Washington State (18.6 percent), Nebraska (18.48 percent), New York (17.74 percent), Florida (16.55 percent), and Illinois (15.81 percent). Oregon is the state with the lowest rate, with 1.76 percent for state and local taxes, followed by Nevada, Idaho, Montana and West Virginia. "Wireless consumers continue to face excessive tax burdens when compared to the tax burden on other goods and services purchased in the competitive marketplace," said the Tax Foundation in its release. "With state and local governments continuing to face revenue challenges, the wireless industry and its customers continue to be at risk as an attractive target for raising new revenues as demonstrated by the targeting of wireless customers by the city of Chicago in 2014". This is not the first report on the subject. The Tax Foundation has published similar reports before, in 2004, 2008, 2011, and 2012. For its studies the company uses an approach developed in 1999 by the Committee on State Taxation, now the Council on State Taxation. The study does not aggregate tax rates from the more than 10,000 taxing jurisdictions across the country. Instead, it used an average of the most populated city and the capital city in each state as a proxy to compare tax rates across the states. According to Tax Foundation, this methodology allows the trends in wireless taxation to be traced over time. Read more -here-
Post your review/comments
rate:
avg:
|