Sales Tax
Sales tax is a government-imposed fee added to the price of goods and services at the point of sale. It is typically calculated as a percentage of the purchase price and varies by location. The revenue generated from sales tax helps fund public services such as education, transportation, and infrastructure.
Consumers pay sales tax when they buy items from retailers, and businesses are responsible for collecting and remitting this tax to the government. Different states and localities may have different sales tax rates, and some items, like groceries or prescription medications, may be exempt from sales tax altogether.