11 Facts About Sales tax

1.

Sales tax is a tax paid to a governing body for the sales of certain goods and services.

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2.

Conventional or retail sales tax is levied on the sale of a good to its final end-user and is charged every time that item is sold retail.

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3.

The state Sales tax is "imposed upon all retailers" for the "privilege of selling tangible personal property at retail".

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4.

Use Sales tax is levied upon the "storage, use, or other consumption in this state of tangible personal property".

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5.

Effects of higher sales tax were not shown immediately in sales, but about six months after the taxes were raised.

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6.

An attempt to require a Delaware e-commerce vendor to collect North Dakota Sales tax was overturned by the court in the 1992 decision on Quill Corp.

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7.

Effect that a sales tax has on consumer and producer behavior is rather large.

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8.

Sales tax amounts, measured in drachmas at a rate of one percent, were recorded in a separate column of a record prepared for the auction of 16 slaves in Piraeus, Greece in 415 BC.

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9.

The Roman sales tax was later reduced to a half percent by Tiberius, then abolished completely by Caligula.

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10.

However, the new Sales tax is selective rather than general, applying only to a specific service.

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11.

Every province in Canada except Alberta has either a Provincial Sales Tax or the Harmonized Sales Tax, which is a single, blended combination of the GST and PST.

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