- U.S. sales tax is not regulated at the federal level, but by individual states and local jurisdictions
- There are over 13,000 U.S. sales and use tax jurisdictions with varying rates
- Understanding U.S. sales tax is crucial for businesses selling into the U.S.
- U.S. sales tax is a consumption tax on goods and services, collected at the point of sale
- Each state sets its own sales tax rates and rules, leading to complexity for businesses
- U.S. sales tax is different from VAT, as it is charged at the point of sale to the final consumer
- California has the highest sales tax rate at 7.25%, while some states have no statewide sales tax
- U.S. sales tax revenue is collected by authorities for various purposes.
Source: avalara.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
