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sales tax
noun
: a tax levied on the sale of goods and services that is usually calculated as a percentage of the purchase price and collected by the seller
Examples of sales tax in a Sentence
Recent Examples on the Web
Income from discontinued operations, net of tax, was $66,000, resulting from a reduction in the accrual for sales tax.
—Quartz Bot, Quartz, 19 Nov. 2024
After adding in the state and local sales tax, plus the DMV and dealers fees, the out the door and in your garage total purchase price came to: $177,581.
—Tony Leopardo, The Mercury News, 10 Nov. 2024
The measure would enact a half-percent sales tax to fund homeless services, doubling and replacing the current quarter-percent sales tax in place through Measure H.
With Measure G, voters appear to be deadlocked, with 50.2% voting yes and 49.7% voting no.
—Ryan Fonseca, Los Angeles Times, 6 Nov. 2024
Here's a more specific breakdown of what both would do if approved by voters:
Proposition 490 would create a 0.15% sales tax for 30 years that would generate $1.2 billion to maintain city parks and the McDowell Sonoran Preserve.
—Sam Kmack, The Arizona Republic, 5 Nov. 2024
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Word History
First Known Use
1921, in the meaning defined above
Dictionary Entries Near sales tax
Cite this Entry
“Sales tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/sales%20tax. Accessed 24 Nov. 2024.
Kids Definition
sales tax
noun
: a tax paid on the purchase of goods and services and collected by the seller
Legal Definition
sales tax
noun
: a tax levied on the sale of goods and services that is usually calculated as a percentage of the purchase price and collected by the seller
More from Merriam-Webster on sales tax
Thesaurus: All synonyms and antonyms for sales tax
Britannica.com: Encyclopedia article about sales tax
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