sales tax

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sales tax

n.
A tax levied on the retail price of merchandise and collected by the retailer.

sales tax

n
(Economics) a tax levied on retail sales receipts and added to selling prices by retailers

sales′ tax`


n.
a tax on a purchase, added to the total sale.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.sales tax - a tax based on the cost of the item purchased and collected directly from the buyer
excise, excise tax - a tax that is measured by the amount of business done (not on property or income from real estate)
Translations

sales tax

n (Am) → imposta sulle vendite
References in periodicals archive ?
More frightening yet is that the percentage of the national sales tax would fluctuate from year to year depending upon the revenue collected.
The move is being viewed widely as a response to rival Herman Cain's proposal to replace the current federal income tax system with a "9-9-9" plan - a 9 percent individual income tax, a 9 percent corporate income tax and a 9 percent national sales tax.
The survey follows Cain's recent burst in the polls, as the former CEO of Godfather's Pizza touts his 9-9-9 tax plan, which calls for a 9 percent across-the-board income tax, corporate tax and national sales tax, the report said.
He drafted four major pieces of tax reform legislation including the FairTax, the first national sales tax introduced in Congress, the first flat tax introduced in Congress and Sen.
Noda has spoken in favor of raising the national sales tax as a way of reining in the debt crisis, though he has been unclear about specifics -- on the other side are politicians who want to rebuild quake-ravaged areas by issuing more bonds.
The United States, uniquely, has no national sales tax.
Politicians should consider increasing the minimum age for drawing Social Security, repealing the Medicare drug care program, and re-evaluating tax policies (to include reversing prior tax cuts or abolishing the IRS and substituting a national sales tax for personal income taxes).
Morrison was quoted in the Arkansas Democrat-Gazette as saying he supported eliminating the income tax in favor of a national sales tax and is a strong believer in the Second Amendment.
Nevertheless, he says, a national sales tax "has high revenue raising potential.
However, Senator Gregg recently wrote an op-ed published in several New Hampshire newspapers describing proposed cap-and-trade legislation as "a massive new national sales tax .
Boskin has described Giuliani as advocating "substantial reform of the tax code" but opposed to a national sales tax.
He said his new government - not likely to be sworn in for several weeks - would immediately move to cut the unpopular national sales tax from seven per cent to six per cent, "reform the justice system to fight against crime and gangs," and begin to allocate 1,200 Canadian dollars (pounds 585) to Canadian families for each child they have needing day care.

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