sales taxes

Checkout price increases

Sales taxes are taxes added to the purchase price of goods and sometimes services, collected by sellers and remitted to government.

In the United States, rates vary by state and locality: The sales tax here is nearly ten percent.

Unlike value-added taxes used elsewhere, sales taxes apply only at the final point of sale to consumers.

Related

revenue · checkout line · cash register · nexus · imposition · rates · receipts · administrative costs · percentage · audit · local · goods · collection · vendor · register · burden · state · consumer

Categories
Opposites
tax base/point of taxation

sales taxesincome taxes

Government's share of earnings

payroll taxes · capital gains taxes · wealth taxes · income deductions · estate taxes

tax structure/progressivity

sales taxesprogressive taxation

Rates increase with income

wealth tax · luxury taxes · estate taxes

fiscal mechanism

sales taxestax rebates

Returned excess payments

tax refunds · subsidies · rebates · government subsidies · tax credits

Family

tax, sale, sales, salesman, taxes, salesperson, taxation, resell, sales tax

Familiarity
Top 100,000
Profile
Known to kids · Used worldwide · Timeless · Negative · Everyday, not technical · Rated G