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Sales tax rates vary by location, typically ranging from 0% to over 10%. In the United States, state and local governments can impose their own sales taxes, leading to differences even within the same state. For example, if a state has a 6% sales tax and a city adds another 2%, the total sales tax rate would be 8%. It's important to check the specific rates applicable in your area for accurate calculations.
What else can I help you with?
What is taxed by sales tax?
the customer of the purchased item is taxed by sales tax.
How much is sales tax on a dollar in Tennessee?
The state sales tax rate in Tennessee is 7.000%. With local taxes, the total sales tax rate is between 8.500% and 9.750%. Food in Tennessee is taxed at 5.000% (plus any local taxes).
What is input taxed sales?
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
How does sales tax affect the consumer's budget line?
it raises the price of the good being taxed by that tax rate per unit of the good taxed
Can services charges be taxed?
Sales tax I presume...which changes from state to state. However, most States now have a fairly inclusive sales tax on services (not all, but most).
What is taxed by sales tax?
the customer of the purchased item is taxed by sales tax.
How much is sales tax on a dollar in Tennessee?
The state sales tax rate in Tennessee is 7.000%. With local taxes, the total sales tax rate is between 8.500% and 9.750%. Food in Tennessee is taxed at 5.000% (plus any local taxes).
What is input taxed sales?
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
How does sales tax affect the consumer's budget line?
it raises the price of the good being taxed by that tax rate per unit of the good taxed
Are Americans taxed too much?
Of course we are. Everyone thinks they are taxed too much except for the almost 50% of people who pay no income tax. Income tax is not the only form of taxes that we pay though. We pay sales tax; gasoline and other fuels tax; liquor, beer and wine tax; telephone service tax; vehicle tax; etc. etc. etc.
What is the highest taxed state in the union?
The answer is Califonia, which the sales tax is 7.25% of the subtotal.
Are shoes taxed sales tax when purchased in Massachusetts?
There is no sales tax on shoes in MA. There is however a luxury tax for items over $175. You pay tax only on the amount over $175.
Who generally bears most of a sales tax when the demand for the good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand for a good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand of the good taxed is inelastic?
the consumer
How generally bears most of a sales tax when the demand for the good taxed is inelastic?
the consumer
How much per dollar are you taxed when buying a gun in Colorado?
It depends on what city and county you're in, but the average sales tax is 8.75 cents on the dollar.
