What is the sales tax?
A sales tax is a direct tax on consumption imposed by the states and local governments when you purchase goods and services.
Typically, the amount of tax is figured as a percentage of the sales price.
Businesses collect sales tax with each purchase and then transfer this money to their states and local governments, based on a monthly or quarterly payment.
What is taxed?
Different types of goods, products and services vary state by state. In general meaning, the sales tax is applicable when the product is picked up or used.
Professional services as lawyers, doctors, accountants, real estate agents and bankers are usually not taxed, but personal services as haircutting salon, barbers, cleaning services are often taxed.
All services in New Mexico, Hawaii and South Dakota are not subject to sales tax.
Five states of the U.S. do not have sales taxes:
- New Hampshire
On June 21, 2018, the U.S. Supreme Court removed one of the largest advantages of e-commerce sites before brick-and-mortar stores. Now internet retailers can be required to collect sales taxes even in States where they have no physical presence.
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