What is sales tax?

[kelly_brooks]

Sales tax is imposed on all retail sales, leases and rentals of most goods, as well as taxable services. In other words a sales tax is a tax on the end-purchase of a good, so it normally does not apply if a sale is for re-sale or for subsequent processing. Sales tax normally a certain percentage that is added onto the price of a good or service that is purchased.

[MyInterest]

Originally Posted by kelly_brooks

Sales tax is imposed on all retail sales, leases and rentals of most goods, as well as taxable services. In other words a sales tax is a tax on the end-purchase of a good, so it normally does not apply if a sale is for re-sale or for subsequent processing. Sales tax normally a certain percentage that is added onto the price of a good or service that is purchased.

I think you are right..what do u mean by resale? if you are talking about second hand sale then yes tax will not be applicable....

[jason_simpson]

The tax a buyer pays to the seller at the time of buying goods is called sales tax. The entire sales tax is collected by the Government and is used for meeting their own developmental expenditure.

[brownnataly21]

Sometimes I get mad when I have to pay all the taxes and I don't understand why should I pay it?

[tanja]

In my country most taxes are already included into the price of a product and most people are just unaware that they pay it, interesting, isn't it?

[nickelodon007]

A sales tax is just that, a tax on almost the whole thing you buy. Sales taxes may contain a city tax, county tax as well as state tax. Sales taxes are usually exciting on sales of goods, but many sales taxes are also charged on sales of services..

[archana_sharma]

Hi kelly,that's true basically sales tax is a consumption tax charged at the point of purchase for certain goods and services.most sales taxes are collected from the buyer by the seller,who remits the tax to a government agency.sales taxes are commonly charged on sales of goods,but many sales taxes are also charged on sales of services.

[ramirezhenry55]

Sales tax is also called output tax while purchase tax is input tax.

[meledy20]

i think Sales tax is a consumption tax charged at the point of purchase for certain goods and services.most sales taxes are collected from the buyer by the seller..yeah archana_sharma said is good!

[guruk09]

A sales tax is a tax taken against using some services or purchasing of some goods and its taken by seller from the buyer.

[sell suspenders]

In China,Sales tax is when we sold the goods we need to pay for our goverment

[jason_simpson]

In very short and simple terms we can say that, a sales tax is a tax that is charged on the sale of goods and services.

[eguide]

in my opinion sales tax is charged on selling of some kind of goods and services.

[jason_simpson]

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.

[devashishseo]

A tax imposed by the government at the point of sale on retail goods and services. It is collected by the retailer and passed on to the state.

[Alicejones247]

A sales tax is a consumption tax charged at the point of purchase for certain goods and services. The tax amount is usually calculated by applying a percentage rate to the taxable price of a sale. A portion of the sale may be exempt from the calculation of tax, because sales tax laws usually contain a list of exemptions.

[homemodifications]

Sales tax is a consumption tax charged at the point of purchase for certain goods and services.

[jesicawillss]

Sales Tax is an amount that has been taking on the sale of goods.

[markhenry]

in my country, on everything one can find tax

[inspection]

Hi,
That's the way! Governments need taxes to make the system go.
Personally I hate taxes ...but Love the Refunds!