The Daytona Beach News-Journal: Surge in commercial sales helps spur overall property value increases, Volusia County official says
media mention“Lower income earners in the United States pay a higher percent of their incomes in sales taxes than higher earners, according to The Institute on Taxation and Economic Policy, a Washington, D.C.-based nonprofit and non-partisan research group. The group reports persons making less than $20,000 a year spend 2.1 percent of their incomes for sales taxes. The percent drops as incomes rise to where those top 1 percent of earners spend less than one-third of 1 percent of their incomes on sales taxes.”