consumer tax
Buyer's government charge
A consumer tax is a tax levied on goods or services at the point of purchase, paid by the buyer rather than the producer or seller.
Sales tax and value-added tax are common forms.
The term emphasizes who ultimately bears the tax burden: Gas taxes are consumer taxes passed on at the pump.
Compare with income tax or corporate tax, which target earnings rather than spending.
- sales taxGovernment percentage on purchases
- checkout lineWhere purchases are completed
- sticker shockDistress from unexpected expense
- tax codeLaws governing taxation
- sin taxFee on harmful goods
grocery bill · revenue generation · exemptions · tax holiday · service tax · disposable income · take-home pay · hidden fees · indirect tax · fiscal policy · compliance · taxable goods · consumption tax · import duty · value-added tax · surcharge · retail · levy
- sales taxessales tax, retail tax, consumption tax, VAT, value added tax
- taxessales tax, income tax, estate tax, corporate tax, payroll tax
- food taxessugar tax, fat tax, junk food tax, beverage tax, soft drink tax
consumer taxincome tax
Government charge on earnings
payroll tax · wealth tax · wage tax · corporate tax · business tax