Whois & Analysis for sale-tax.com

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

Usually laws allow (or require) the seller to collect funds for the tax from the consumer at the point of purchase.

When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax.

Often laws provide for the exemption of certain goods or services from sales and use tax.

Tax deduction is a reduction of income that is able to be taxed, and is commonly a result of expenses, particularly those incurred to produce additional income.

The difference between deductions, exemptions and credit is that deductions and exemptions both reduce taxable income, while credits reduce tax.

The United States of America (USA), commonly known as the United States (U.S) or America, is a constitutional federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

In a tax system, the tax rate is the ratio (usually expressed as a percentage) at which a business or person is taxed.

There are several methods used to present a tax rate: statutory, average, marginal, and effective.

These rates can also be presented using different definitions applied to a tax base: inclusive and exclusive.