Do you know how much your sales tax burden is?
If you’re a business owner in North Carolina, you’re among the country’s highest states for sales tax.
According to the Tax Foundation’s 2019 report of state and local tax rates, North Carolina is ranked twenty-fifth in the country with a sales tax rate of 6.97 percent.
The report shows that while no states have changed since July 2018, the District of Columbia raised its sales taxes from 5.75 percent to 6 percent in October.
The states with the highest average combined state and local sales tax rates are Tennessee (9.47 percent), Louisiana (9.45 percent), Arkansas (9.43 percent), Washington (9.17 percent), and Alabama (9.14 percent). The states with the lowest average combined rates are Alaska (1.43 percent), Hawaii (4.41 percent), Wyoming (5.36 percent), Wisconsin (5.44 percent), and Maine (5.50 percent).
Read more about the study here: https://taxfoundation.org/sales-tax-rates-2019