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News-Sentinel.com Your Town. Your Voice.
Opening Arguments

Taxing times

The Tax Foundation has examined new Census data to explain where states get their revenue broken down by six sources ( helpful graph here). The U.S. averages are: property taxes, 30.1 percent; individual income taxes, 22.6 percent; general sales tax, 23.5 percent; selective sales taxes, 10.9 percent; licenses and other fees, 8.2. percent; and corporate income taxes, 4.7 percent. For all the talk of tax reform in Indiana lately, our figures aren't that far off the national norms: Property taxes, 29.1 percent (1 percent lower); individual income taxes, 24.7 percent (2.1 percent higher); general sales taxes, 25.7 percent (2.2 percent higher); selective sales taxes, 11.5 percent (.6 higher); licenses and other fees, 4.3 percent (3.9 percent lower); and corporate income taxes, 4.7 percent (the same).

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