What Is Sales Tax? Definition, Examples, and How It's …
https://www.investopedia.com/terms/s/salestax.asp
What Is A Sales Tax?Understanding Sales TaxNexusExcise TaxesValue-Added TaxThe Bottom Line In general, sales taxes take a percentage of the price of goods sold. A state might have a 4% sales tax, a county 2%, and a city 1.5%, so that residents of that city pay 7.5% in total. Certain items are often exempt, such as food. Others are exempt below a certain threshold, such as clothing purchases of less than $200. Conversely, some products ca... Occupation: Senior Editor, Personal Finance Published: Nov 25, 2003
In general, sales taxes take a percentage of the price of goods sold. A state might have a 4% sales tax, a county 2%, and a city 1.5%, so that residents of that city pay 7.5% in total. Certain items are often exempt, such as food. Others are exempt below a certain threshold, such as clothing purchases of less than $200. Conversely, some products ca...
Occupation: Senior Editor, Personal Finance
Published: Nov 25, 2003
DA: 81 PA: 100 MOZ Rank: 31