Definitions for sales tax

This page provides all possible meanings and translations of the word sales tax

Random House Webster's College Dictionary

sales′ tax`(n.)

  1. a tax on a purchase, added to the total sale.

    Category: Business

Princeton's WordNet

  1. sales tax, nuisance tax(noun)

    a tax based on the cost of the item purchased and collected directly from the buyer

Kernerman English Learner's Dictionary

  1. sales tax(noun)ˈseɪlzˌpɜr sən

    a tax added to the price of sth when you buy it

Wiktionary

  1. sales tax(Noun)

    A local or state tax imposed as a percentage of the selling price of goods or services payable by the customer. The tax is not recognized as the seller's earnings; the seller only collects the tax and transmits the same to local or state authorities.

Freebase

  1. Sales tax

    A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. Laws may allow sellers to itemize the tax separately from the price of the goods or services, or require it to be included in the price. The tax amount is usually calculated by applying a percentage rate to the taxable price of a sale. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax. Often laws provide for the exemption of certain goods or services from sales and use tax.

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