The Economic impact of Repealing Mississippi's Grocery Tax
Results from the analyses indicate that repealing the 7 percent grocery tax would produce modest gains in grocery sales but major increases in the purchases of other goods and services. Revenues from the sale of additional groceries would be exempt from taxes, thus producing only employment and labor income. With the state loosing almost $202 million in tax revenues, it is not clear if the gains in employment would be enough to offset the revenue losses.
|Date of creation:||2008|
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