Sales Tax

Dictionary Says

Definition of 'Sales Tax'

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.
Investopedia Says

Investopedia explains 'Sales Tax'

It is based on a percentage of the selling prices of the goods and services and set by the state.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Direct Tax

    A tax that is ...
  2. Indirect Tax

    A tax that ...
  3. Local Tax

    A tax assessed ...
  4. Flat Tax

    A system that ...
  5. Sin Tax

    A ...
  6. Clearance Certificate

    A certificate ...
  7. Goods and Services Tax - GST

    A Canadian ...
  8. Harmonized Sales Tax (HST)

    A Canadian ...
  9. Zero-Rated Goods

    Products on ...
  10. Value-Added Tax - VAT

    A type of ...

Articles Of Interest

  1. Don't Put Off Your Year-End Tax Plan

    From sales tax deductions to credit reports, check out what items should be on your financial checklist.
  2. Saver's Tax Credit: A Retirement Savings Incentive

    Here's another reason to put money toward your retirement nest egg.
  3. For tax and retirement purposes, what does being "single" mean?

  4. TARP 4 Years Later - How Did It All Work Out?

    The TARP program is estimated to cost taxpayers about $32 billion, much less than the OMB's reported estimate.
  5. Healthcare FSAs Increase Your Personal Savings

    This benefit could give you a return this year that puts many other investments to shame.
  6. An Introduction To Sovereign Wealth Funds

    Countries use sovereign wealth funds to stabilize their economies, but these investments can lack transparency.
  7. Comparing Health Savings And Flexible Spending Accounts

    When it comes to medical expenses, there are many accounts that provide tax advantages. We look at two commonly seen among employees.
  8. Money And Politics

    Learn about the progression of events and legislation that shaped and influenced today's political environment.
  9. Political Ideologies And Stocks

    Learn how different political systems affect emerging market stocks.
  10. Do Deflationary Shocks Help Or Hurt The Economy?

    Find out how deflationary shocks can both benefit and hurt consumers and businesses.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center