Find the word definition

Crossword clues for sales tax

Longman Dictionary of Contemporary English
sales tax
▪ A vote would be needed to raise local funding through a sales tax increase.
▪ Alternatively, any sales tax could be recovered at the point of sale.
▪ Critics point out that a sales tax is regressive, and supporters counter by suggesting that low-income taxpayers could get rebates.
▪ Frequently the sales tax is levied on the importer or the manufacturer because it is easier to collect at source.
▪ Others have proposed replacing the federal income tax with something else entirely, such as a national sales tax.
▪ While all customs duties accrued to the federal government, it received only about one-third of total sales tax revenue in 1985.
The Collaborative International Dictionary
Sales tax

Sales tax \Sales" tax\ (s[=a]lz"t[a^]ks), n. [Sales + tax.] 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.

sales tax

n. 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.

sales tax

n. a tax based on the cost of the item purchased and collected directly from the buyer [syn: nuisance tax]

Sales tax

A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow (or require) 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.

Usage examples of "sales tax".

Pereira running all over town preaching for a sales tax hike and warning that Metro is going broke.

What you really ought to get is a dealer's number, then you wouldn't have to pay state sales tax.

She could tote up tabs in her head, deftly computing sales tax--but had a marked tendency toward spilling milkshakes and french fries.

The increase in sales tax revenues to the city would be at the expense of the merchants Bargain City would quickly drive out of business.

Clinton had calculated that he had to raise the state sales tax by one half of one cent to fund the mandates in the court decision.