> Sure: California recently increased it's sales tax by 1%.
Presumably, you are referring to the 1% temporary 2009-2011 boost during the budget crisis, from 6.25% to 7.25%
> Sales Taxes are 30% of the California budget, so that equates to a 3% change in revenue.
All other things being equal, assuming 30% of the budget is sales tax before the increase, a 6.25% to 7.25% increase in sales taxes is closer to a 5% overall increase in revenue.
Presumably, you are referring to the 1% temporary 2009-2011 boost during the budget crisis, from 6.25% to 7.25%
> Sales Taxes are 30% of the California budget, so that equates to a 3% change in revenue.
All other things being equal, assuming 30% of the budget is sales tax before the increase, a 6.25% to 7.25% increase in sales taxes is closer to a 5% overall increase in revenue.