sales tax

(redirected from Retail sales tax)
Also found in: Thesaurus, Legal, Financial, Acronyms, Encyclopedia.

sales tax

n.
A tax levied on the retail price of merchandise and collected by the retailer.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

sales tax

n
(Economics) a tax levied on retail sales receipts and added to selling prices by retailers
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

sales′ tax`


n.
a tax on a purchase, added to the total sale.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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)
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

sales tax

n (Am) → imposta sulle vendite
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
References in periodicals archive ?
.All cannabis products in Canada will be subject to an excise duty (referred to as the "Cannabis Duty"), the Goods and Services Tax/Harmonized Sales Tax ("GST/HST") as well as any additional provincial retail sales taxes and other fees, duties and/or mark-ups.
In addition, five provinces (including Ontario and Quebec) charge a retail sales tax on top of the premium taxes for certain types of insurance.
It's not expressed so loudly with some of these other variants that move in that direction, but they are very fearful of a federal tax that would move into the consumption tax space and compete with retail sales tax.
Further, if a reward level provides a mix of goods subject to retail sales tax and nontaxable services, Washington will subject the entire minimum donation amount to retail sales tax unless the component subject to retail sales tax is less than 10% of the entire reward's value.
"One of those purposes," he explains, "is raising the tax consciousness of the average citizen, compared with the low level of tax consciousness that would prevail under a federal retail sales tax, VAT, or return-free income tax" (p.
We favor shopping by being one of five states without a general retail sales tax. Retail sales in New Hampshire are about 25 percent higher per capita than in our neighboring states.
In October the Washington State Department of Revenue released the 2011 retail sales tax rankings.
But because the VAT is collected at each stage of production--with credits provided against previously paid taxes--it bypasses many of the weaknesses inherent in a traditional retail sales tax, such as double taxation on certain capital purchases.
I write to object to your objection to the proposed Fair Tax, a national retail sales tax, as stated in the book review "Cain's Caliber" in your November 21 issue.
Because a VAT ultimately taxes consumption, it is often considered to be similar to a retail sales tax. However, the nature of a VAT allows it to be imposed on nearly all saleable goods or services, creating a broad base of taxation, while a retail sales tax typically applies only to sales of tangible goods and specified services.
For several consecutive Congresses, legislation to repeal existing federal taxes on income, payroll, estates and gifts and replace them with a single national retail sales tax has been introduced as the Fair Tax Act (H.R.
The purpose of this paper is to analyze the effect Washington State's retail sales tax has on border counties within the state.