The state tax is "imposed upon all retailers" for the "privilege of selling tangible personal property at retail".
In California, sales taxes are made up of various state, county and city taxes. In Los Angeles it is 9.5%, which is 7.25% state & 2.25% county. įor Baton Rouge, Louisiana, the tax is 9.45%, which is 4.45% state & 5% local.
Chicago also has the Metropolitan Pier and Exposition Authority tax on food and beverage of 1% (which means eating out is taxed at 11.25%). For example, sales tax in Chicago (Cook County), IL is 10.25%, consisting of 6.25% state, 1.25% city, 1.75% county and 1% regional transportation authority. In some jurisdictions of the United States, there are multiple levels of government which each impose a sales tax. Norway, Denmark and Sweden have higher VATs at 25%, Hungary has the highest at 27% although reduced rates are used in some cases, as for groceries, art, books and newspapers. Countries in Western Europe, especially in Scandinavia, have some of the world's highest valued-added taxes. Most countries in the world have sales taxes or value-added taxes at all or several of the national, state, county, or city government levels.
Turnover tax, similar to a sales tax, but applied to intermediate and possibly capital goods as an indirect tax. FairTax, a proposed federal sales tax, intended to replace the US federal income tax. Tax cascading is avoided by applying the tax only to the difference ("value added") between the price paid by the first purchaser and the price paid by each subsequent purchaser of the same item. Value added tax (VAT), in which tax is charged on all sales, thus avoiding the need for a system of resale certificates. Securities turnover excise tax, a tax on the trade of securities. Use taxes are commonly imposed by states with a sales tax but are usually enforced only for large items such as automobiles and boats. Use tax, imposed directly on the consumer of goods purchased without sales tax, generally items purchased from a vendor not under the jurisdiction of the taxing authority (such as a vendor in another state). Excise taxes, applied to a narrow range of products, such as gasoline or alcohol, usually imposed on the producer or wholesaler rather than on the retail seller. They have been criticized for their "cascading" or "pyramiding" effect, in which an item is taxed more than once as it makes its way from production to final retail sale. Gross receipts taxes, levied on all sales of a business. Retail sales tax, a tax on sales of retail of tangible personal property to final consumers and industrial users. Wholesale sales tax, a tax on sales of wholesale of tangible personal property when in a form packaged and labeled ready for shipment or delivery to final users and consumers. Manufacturers' sales tax, a tax on sales of tangible personal property by manufacturers and producers. Other types of sales taxes, or similar taxes: The tax is otherwise charged on each item sold to purchasers without such a certificate and who are under the jurisdiction of the taxing authority. A purchaser who is not an end-user is usually issued a " resale certificate" by the taxing authority and required to provide the certificate (or its ID number) to a seller at the point of purchase, along with a statement that the item is for resale. Sales to businesses that later resell the goods are not charged the tax. Cash register receipt showing sales tax of 8.5%Ĭonventional or retail sales tax is levied on the sale of a good to its final end-user and is charged every time that item is sold retail.
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