Study Shows Louisiana Still Has Highest Sales Tax in Country
It would appear that Louisiana consumers continue to be plagued with a real reduction in true buying power.
According to a study last fall by worldpopulationreview.com, only six states in the entire country have lower average wages than are paid here in the Bayou State.
Top that with fact that Louisiana is one of the forty one states that charges its residents an income tax, and our buying power has been reduced even further.
And once we take what remains of that pittance of a paycheck to get groceries, clothes, or gasoline, we find that dollar's buying power has shrunk even more.
You might recall from an article here on this website in the summer of 2021 that, at that time, Louisiana was determined to have the highest combined sales tax of any state in the U.S.
Move the clock forward to present day and we find that statistic has remained unchanged. Louisiana residents still pay more sales tax than anyone.
Of course those sales taxes are used for a wide variety of much needed services like fire and police, schools and roads. Well, they're supposed to go to roads, but one trip down I-20 in Shreveport/Bossier will leave a person wondering who's getting that money, because it certainly isn't making that roadway any better.
Taxfoundation.org has just released their latest state combined sales tax rates findings and Louisiana is still home to the highest rate in the country.
Though our rates aren't a lot higher than the other states finishing in the Top 5, we're still Number One on another one of those lists we hate to be on.
Here are the Top 5 States and their combined state and local tax rates according to taxfoundation.org
- Louisiana (9.550 percent)
- Tennessee (9.548 percent)
- Arkansas (9.46 percent)
- Alabama (9.25 percent)
- Oklahoma (8.98 percent).