Definitions for sales tax
This page provides all possible meanings and translations of the word sales tax
sales tax, nuisance tax(noun)
a tax based on the cost of the item purchased and collected directly from the buyer
a tax imposed upon the retail sale of goods or the sale of services, usually collected by the seller at the time of purchase; -- it is typically calculated as a percentage of the price of the object sold, being commonly from 3% to 7% of the base price.
Origin: [Sales + tax.]
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.
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.
Sample Sentences & Example Usage
Many teens have part-time jobs. They pay sales tax like everyone else. Yet they have no representation in government.
Many teens have part-time jobs. They pay sales tax like everyone else. Yet, they have no representation in government, that's a terrible failure of our democracy.
When you have such a big load of debt, you have two choices - raising taxes sharply or creating inflation. The fact that (Abe) delayed a sales tax hike means he took the second route, creating inflation.
It can be said that the sales tax delay had gained the support of the international community as it was meant to help the economy amid a slowdown, and the downgrade is unlikely to change such views, as for Japanese government bonds (JGBs), which are more directly impacted by downgrades, any effect is likely to be temporary thanks to the Bank of Japan's quantitative easing. Past downgrades have also had little impact on JGBs.
Translations for sales tax
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