A tax by state and local governments on the sale of goods and services at the point of sale.

1 answer

The tax you are referring to is commonly known as a sales tax. Sales tax is imposed by state and local governments on the sale of goods and services and is typically collected at the point of sale by the retailer. The amount of sales tax varies by jurisdiction, and it can be used to fund government services such as education, infrastructure, and public safety. In some areas, there may also be additional taxes, such as local sales taxes or special district taxes, that can further increase the total rate.