retail tax

Store checkout charge

A retail tax is a tax collected at the point of sale when goods or services are purchased by the final consumer.

Unlike taxes applied at earlier stages of production or distribution, retail taxes fall on the end buyer: The retail tax added eight percent to my purchase.

Sales tax is the most common form in the United States, though the term retail tax sometimes distinguishes taxes on final sales from wholesale or value-added taxes applied at multiple stages.

Related

consumer spending · holiday shopping · point of sale · cash register · legal penalties · pricing strategies · revenue generation · filing deadlines · supply chain · store · big box store · online purchase · regulatory agencies · refund · duty · percentage · shopping · markup

Categories
Opposites
tax base/point of collection

retail taxincome tax

Government charge on earnings

personal income tax · capital gains tax · estate tax · property tax · inheritance tax

position in supply chain

retail taximport duty

Tax on incoming goods

tariff · excise tax · value-added tax · customs duty · export tax

tax visibility/structure

retail taxvalue-added tax

Incremental consumption levy

VAT · hidden tax

Family

tax, retail, sales tax

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G