Changes

'''Sales tax''' is [[tax]] on buying a [[good]]. Sales tax is based on a percentage of how much is spent.  Sales taxes first became widespread in the U.S. in the 1930s, and remain a major source of state and local revenue. Services and medicines are usually not taxed, while food may or may not be taxed.

'''Sales tax''' is [[tax]] on buying a [[good]]. Sales tax is based on a percentage of how much is spent.  Sales taxes first became widespread in the U.S. in the 1930s and remain a major source of state and local revenue. Medicines are usually not taxed, some services are taxed while others are not, while food may or may not be taxed (for example, [[Virginia]] taxes all food purchases, while [[Texas]] taxes only "prepared food" but not groceries).

Some states have instituted "sales tax holidays" to encourage purchases of items.  The most common is for clothing and school supplies and is usually held prior to the start of the school year.  Another one is for "emergency preparedness", where items such as flashlights and batteries are exempt.

Some states have instituted "sales tax holidays" to encourage purchases of items.  The most common is for clothing and school supplies and is usually held prior to the start of the school year.  Another one is for "emergency preparedness", where items such as flashlights and batteries are exempt.