Sales tax

Definition of Sales tax

Sales´ tax   Pronunciation: sālz´tăks
n.1.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.

Related Words

excise, excise tax, nuisance tax
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