Indiana Ranks High For Most Reliant On Sales Taxes

A new report says Indiana is among the top 10 states most reliant on sales taxes for their revenue. However, a growing gap between the wealthiest residents and everyone else could put an increasing strain on the state's revenue system. The report says because of a slowdown in states' revenue streams, there could be a struggle to increase tax revenues. Indiana could be among the states hardest-hit because it's highly dependent on sales tax tied to consumer spending.