What is the history of sales tax in the US?

Can you tell me about the history of sales tax in the US?

Sure! Sales tax in the US dates back to the 1930s, with the first state to implement it being Mississippi in 1930.

What were the reasons for introducing sales tax?

Sales tax was introduced as a way for states to generate revenue during the Great Depression, when other tax revenues were declining.

How has sales tax evolved since then?

Over the years, many states have adopted sales tax, and rates have varied widely. The tax has also expanded to include more goods and services.

Are there any significant changes in sales tax laws recently?

Yes, recent changes include the Wayfair decision in 2018, which allowed states to collect sales tax from online sales, significantly impacting e-commerce.