What does sales tax mean?

Definitions for sales tax
sales tax

This dictionary definitions page includes all the possible meanings, example usage and translations of the word sales tax.

Princeton's WordNet

  1. sales tax, nuisance taxnoun

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

GCIDE

  1. Sales taxnoun

    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.

Wiktionary

  1. sales taxnoun

    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.

Wikipedia

  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. 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, such as food, education, and medicines. A value-added tax (VAT) collected on goods and services is related to a sales tax. See Comparison with sales tax for key differences.

ChatGPT

  1. sales tax

    Sales tax is a government-imposed charge on the sale of goods and services, usually a percentage of the price paid by the buyer to the seller. It is collected by the merchant at the point of sale and later paid to the government. The rate of sales tax can vary depending on the region and the type of goods or services sold.

Wikidata

  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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How to pronounce sales tax?

How to say sales tax in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of sales tax in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of sales tax in Pythagorean Numerology is: 2

Examples of sales tax in a Sentence

  1. Republican Governor Chris Christie:

    Everyone's going to have to continue to make sacrifices. We're going to continue to see economic growth if we do things like cut the sales tax and put more money in consumers' pockets.

  2. Daman Prakash Rathod:

    A lower import duty would increase legal imports and ultimately legal sales. Tax revenue would go up instead of going down.

  3. Hiroaki Mino:

    It will take some time for the market to be worry-free, overall consensus is that investors are relieved that the government decided to delay the sales tax hike. But since there are some risks ahead, they will likely take positions very carefully.

  4. Stefan Worrall:

    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.

  5. Dave Hermansen:

    I would imagine that most online retailers would pass the cost onto consumers, an internet sales tax really will not change consumer behavior. They are still going to buy online because it is easier, the selection is better and the information provided online is better.


Translations for sales tax

From our Multilingual Translation Dictionary

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"sales tax." Definitions.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.definitions.net/definition/sales+tax>.

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