Sales Tax Quotes & Sayings

click me
Sales tax is a consumption tax charged at the point of purchase for certain goods and services. The tax amount is usually calculated by applying a percentage rate to the taxable price of a sale. In the words of Robert Strauss, “If you increase the sales tax... everybody would be taxed.” A portion of the sale may be exempt from the calculation of tax, because sales tax rules usually contain a list of exemptions. Laws governing sales tax may require it to be included in the price (tax-inclusive) or added to the price at the point of sale. Sales taxes are collected from the buyer by the seller, who remits the tax to a government organisation. Sales tax is also charged on the sale of services. Ideally, a sales tax would have a high rate, be difficult to avoid, and be simple to calculate and collect.

QUOTES

Robert A Heinlein

30 Likes
1 2
ABOUT
Terms
Privacy Policy
Removal Request
Sitemap
Contact Us
OUR GOAL
Our goal is to help you by delivering amazing quotes to bring inspiration, personal growth, love and happiness to your everyday life.

© 2020 SearchQuotes™