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
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Early 2025 The city will hire the transit improvement plan’s chief program officer, according to the mayor's office. Feb. 1, 2025 The sales tax surcharge of a half cent per dollar will go into effect in Davidson County. Evan Mealins, The Tennessean, 22 Dec. 2024 The site is expected to generate 800 jobs and about $2.8 million in net sales tax revenue in its first year, increasing to over $9 million by the 10th year. Matthew Geiger, The Denver Post, 21 Dec. 2024 QuickBooks’ higher-tier plans include additional users at no extra cost (vs. FreshBooks charging $11 per additional user), and abilities such as profit and loss reporting, expense tracking and automatic sales tax calculation. Andreina Rodriguez, CNBC, 20 Dec. 2024 The local sales tax dollars the city collects could potentially help offset future property tax increases. Tom Kilgore, Austin American-Statesman, 19 Dec. 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 2 Jan. 2025.

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

Last Updated: - Updated example sentences
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