Before my computer crashed last year, I was planning on talking about the new 10% sales tax in my next post. Unfortunately, my computer was down for three months, and now it’s “old news”. Oh well, better late than never right?
On October 1st, the Japanese sales (consumption) tax, went up from 8% to 10%. I was wondering how this compares to other countries. Here are a few to compare. For a complete list, look here.
The highest is, Bhutan, 50%!!!
The lowest is, Oman and the USA, 0%!!! (see below).
These countries are all the same as Japan, at 10%:
Papua New Guinea
Here are some of the highest countries, at 24-27%:
While the USA doesn’t have a national sales tax, there is a state sales tax that differs from state to state. Click here to see a complete list.
Alaska is 0%. (but there are some local taxes).
California is the highest at 7.25%.
My home state, Utah is 4.85%, confusing!!
What do you think of the new tax? More on this next week.