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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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 See all Example Sentences for sales tax 

Word History

First Known Use

1921, in the meaning defined above

Time Traveler
The first known use of sales tax was in 1921

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

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