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.
The numerical value of sales tax in Chaldean Numerology is: 7
The numerical value of sales tax in Pythagorean Numerology is: 2
Sample Sentences & Example Usage
We don't think the economy and Albertans can weather that (a sales tax) at this point in time.
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.
The market's initial reaction to the GDP data was a slight strengthening of the yen, japanese policy makers could really use a sense of crisis to help justify ramping up fiscal stimulus or pushing out the VAT (sales tax) hike and a stronger GDP figure seems to undermine that narrative, though there is also some buoyancy from stronger U.S. inflation and increased expectations for Fed rate hikes.
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Translations for sales tax
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