Where does the one half cent sales tax come from?
Where does the one half cent sales tax money come from? This chart might help. If you go to the website you will see that the majority of the money from Charlotte comes from the suburbs and not the center city as this is based on sales. This protects the center city and the very expensive tax base located there. Fiscal Year 2005-2006 State (4.5%) Taxable Sales* Gross Collections* Estimated 1/2% Charlotte 10,374,589,252 458,166,938 50,907,438 Cornelius 205,833,159 9,082,480 1,009,164 Davidson 47,365,460 2,066,645 229,627 Huntersville 39,963,002 17,756,153 1,972,906 Matthews 590,433,295 26,418,638 2,935,404 Mint Hill 27,794,828 1,258,016 139,780 Pineville &Unincorporated 2,071,329,430 74,947,064 8,327,452 Mecklenburg County 13,357,308,426 589,695,934 65,521,770 per NC Dept. of Revenue www.dornc.com/publications This entry was posted on Thursday, March 29th, 2007 at 1:59 pm and is filed under Charlotte Light Rail. You can follow any responses to this entry through the RSS 2.0 feed. Both c
