Aug 05
A sales tax is a tax that is placed on the purchases of goods or services. The federal government does not have a national sales tax. Qualifying products or services are only taxable by a particular state government.
Each state has the ability to impose their own sales tax rate. At the current time Oregon, New Hampshire, Montana, Hawaii, and Delaware are the only states that do not impose a state sales tax. It is possible for different counties inside these states to impose their own local sales tax. The local sales tax generally depends on the preferences of local lawmakers and taxpayers. States that do impose a state sales tax also allow individual counties to impose an additional local sales tax. Read more…