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President Woodrow Wilson
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General sales tax rate in America?
There is no universal sales tax rate in America - each state, county and city applies their own sales tax. See 'Sources and related links' below for each rate.
Does constitution talk about Americans paying taxes?
The constitution granted congress the authority to levy taxes. Initially congress collected taxes from the states, not from individual citizens. But congress authorized a variety of levies and taxes, and an income tax during the Civil War which became permanent in 1913.Before World War I the United States relied most heavily on international tariffs, essentially a sales tax on imported goods.
What is the main source for of revenue for local government?
Local taxes like sales tax and real estate taxe, and permit fees.
The percent-of-sales method can be used to forecast?
The percent of sales can be used to forecast the price of different types of goods. This can help the marketers know which goods are the most marketable.
What taxes is paid by the consumer when a product is purchased?
When a consumer purchases a product, they are sometimes required to pay a sales tax. Sales tax is usually collected from a consumer at the point of sale. A sales tax is paid to a governing body for each unit of a product sold or each instance of a service rendered.
