California Second Highest Sales Tax Nationally

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According to the non-profit Tax Foundation in a study released this week, California has the second highest effective sales tax rate in the nation. What the ranking demonstrates is that there is not much room (if any) for California to raise revenue to help balance its budget through sales taxes. That means that there are really only two options; first, dramatically cut expenditures and raise other taxes and second encourage business growth.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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