A new paper on wealth inequality from economists Emmanuel Saez and Gabriel Zucman – who have written frequently on the subject – was released earlier this month. This paper is far better than previous attempts to measure...
- The Tax Policy Blog
- Sales Tax Increase to Appear on South Dakota Ballot
Sales Tax Increase to Appear on South Dakota Ballot
Last Wednesday, the Secretary of State of South Dakota announced that a ballot proposal to raise the general sales tax of the state will appear on the general election ballot in November of 2012. The measure, which would raise the statewide sales tax rate from 4 percent to 5 percent, would place all of the additional revenue garnished from the tax into the "South Dakota Moving Forward Fund," which splits the revenue 50-50 between increased K-12 education and Medicare spending.
One recent poll found that 56 percent of South Dakotans oppose a sales tax increase, but another poll conducted by the Associated School Boards of South Dakota found almost the exact opposite: 55 percent of South Dakotans would support a sales tax increase.
Regardless, the issue appears to have some traction behind it, the petitioners submitted 28,673 valid signatures for the measure, almost double the minimum 15,855 needed.
Also, there are several local rate increases set to take effect on January 1, 2012 for five municipalities in South Dakota: Bruce, Camp Cook, Frankfort, Oldham, and Irene.
To compare South Dakota's state and local sales taxes with other states, click here.
Follow Scott Drenkard on Twitter @ScottDrenkard
Subscribe to the Tax Foundation Newsletter
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.