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June 26, 2011

California Base Sales Tax Rate Decreases from 8.25% to 7.25%

Taxes gobbling 3 Good Morning Gentle Readers,

Effective July 1, 2011, the one percent sales and use tax rate increase that was approved with the state budget and effective April 1, 2009, will expire lowering the statewide base tax rate from 8.25 percent to 7.25 percent. 

Think about this for a moment: In the days of my vagrant yoot the sales tax rate was HALF what it will be reduced to on July 1. And there were no district taxes that raised the effective sales tax rate to almost And that was plenty to fund traditional public services back when California was the Land of Milk & Honey and our roads were the envy of the entire world.

Should be plenty today as well, after all, sales tax is assessed on a percentage basis. As the population grows so do revenues. As prices rise with inflation, so do revenues.

As Always,

TWC

TWC 🍷

Photo Credit (unless otherwise noted): ©TWC, all rights reserved

Posted by on June 26, 2011 at 08:32 AM in Economics 101, Screeds, Tax Information |

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