Economic fallout: Local sales taxes hit new records

Tax software developer Vertex reports that 554 U.S. cities changed their sales tax rates in 2008.

Of those, 200 were newly imposed city tax rates and 307 were straight increases to existing city tax rates. Other changes in sales, transit and use taxes, combined with new and pending changes for 2009, indicate that state and local governments are scrutinizing tax rates in light of the current economic turmoil.

Via WebCPA.