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guajiro [1.7K]
3 years ago
13

What is true about sales taxes?

History
1 answer:
mafiozo [28]3 years ago
8 0
Sales tax is a tax on retail purchases. It is used to pay for state and local budget items like schools

In general, sales taxes take a percentage of the price of goods sold. For example, a state might have a 4% sales tax, a county 2%, and a city 1.5%, so that residents of that city pay 7.5% total.
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