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California has the highest base sales tax rate, 7.25%. Including county and city sales taxes, the highest total sales tax as of September 1, 2013, was in Arab, Alabama, 13.50%. [ 2] Sales tax is calculated by multiplying the purchase price by the applicable tax rate. The seller collects it at the time of the sale.
It was one of the first attempts by a major fast food chain to target a specific demographic, in this case adults aged between 18 and 34 years, members of which were presumably willing to spend more on a higher quality product. [notes 2] The new products were successful, and the company's sales increased by 15 percent. [7]
Rates on a 15-year mortgage stand at an average 5.95% for purchase and 5.95% for refinance, up 4 basis points from 5.91% for purchase and 1 basis point from 5.94% for refinance this time last week.
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