Best Of Low Sales Tax States 2023

State and Local General Sales Tax Rates as of July 1, 2011 Tax Foundation from taxfoundation.org

Top Low Sales Tax States in 2023

Introduction

As a business owner, it is essential to consider the impact of taxes on your bottom line. Sales tax is one of the most significant expenses that businesses face. Fortunately, there are some states in the USA that have low sales tax rates, making them an attractive option for businesses looking to save money. In this article, we will be discussing the top low sales tax states in 2023.

What is Sales Tax?

Sales tax is a tax that is added to the price of goods and services at the point of sale. The rate of sales tax varies from state to state and can range from 0% to over 10%.

Top Low Sales Tax States

1. Oregon - Oregon is the only state in the USA that does not have a sales tax. This makes it an attractive option for businesses looking to save money on sales tax. 2. Delaware - Delaware has a low sales tax rate of 0.00%. This, combined with its business-friendly environment, makes it a popular choice for businesses looking to incorporate. 3. Montana - Montana has a low sales tax rate of 0.00%. Additionally, it has no state-level property tax, making it an attractive option for businesses. 4. New Hampshire - New Hampshire has a low sales tax rate of 0.00%. It also has no state-level income tax, making it an attractive option for both businesses and individuals. 5. Alaska - Alaska has a low sales tax rate of 1.76%. While this is not as low as some of the other states on this list, it is still lower than the national average.

Why Choose Low Sales Tax States?

Choosing a low sales tax state can have a significant impact on a business's bottom line. By reducing the amount of sales tax that a business has to pay, it can increase its profitability and competitiveness in the market. Additionally, low sales tax states often have other business-friendly policies, such as low property and income taxes, that can further benefit businesses.

Conclusion

In conclusion, there are several low sales tax states in the USA that businesses can consider when looking to save money on sales tax. Oregon, Delaware, Montana, New Hampshire, and Alaska are some of the top low sales tax states in 2023. By choosing a low sales tax state, businesses can increase their profitability and competitiveness in the market.

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