Sales Tax

Business / Finance / Sales Tax: A percentage tax on the selling price of goods and services.

Other Words for Tax

Tax Noun Synonyms: assess, exact, demand, charge, impose or levy a tax (on), tithe
Tax Adjective Synonyms: levy, impost, duty, tariff, assessment, tribute, toll, excise, customs, charge, contribution, scot, tithe, octroi, cess, rate(s), dues
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Net Of Tax

Business / Accounting / Net Of Tax: The price less any tax. Eg. if you sold some goods for $12 inclusive of $2 sales tax, then the 'net of tax' price would be $10 MORE

Sales Tax Payable

Business / Accounting / Sales Tax Payable: Money collected from customers for sales taxes, that must be remitted to local governments and other taxing authorities. MORE

Regressive Tax

Business / Finance / Regressive Tax: A tax system that provides that average tax rates decrease with increases in individuals' income brackets. MORE

Value Added Tax (VAT)

Business / Accounting / Value Added Tax (VAT): Value Added Tax, or VAT as it is usually called is a sales tax which increases the price of goods. At the time of writing the UK VAT standard rate is 17.5%, there is also a rate for fuel which is 5% ( MORE

Flat Tax

Business / Finance / Flat Tax: The pattern for new issues where shorter- and longer-term yields display very little difference over the bond's maturity range. MORE

Tax Base

Business / Finance / Tax Base: Minimizing tax burden through legal means such as tax-free municipal bonds, tax shelters, IRA accounts, and trusts. Compare with tax evasion. MORE

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