Difference between revisions of "Sales tax"
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| − | '''Sales tax''' is [[tax]] on buying a [[good]]. Sales tax is based on a percentage of how much is spent. | + | '''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 are usually not taxed, nor are purchases of goods over the Internet. |
| − | [[Category: | + | [[Category:Business]] |
| + | [[Category:Taxation]] | ||