Understanding Sales Tax: Rates, Rules, and Exemptions in the United States

• Sales tax is a tax added to the selling price of goods and services at the time of sale
• It is collected by the seller and supports public services
• Each state sets its own sales tax rates and rules
• Some cities and counties have additional sales taxes
• Five states in the US do not have a state-level sales tax
• Taxability of items varies by state
• Sales tax rates can vary within states due to local taxes
• It is important to stay updated on sales tax rates for compliance

Source: salestaxinstitute.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.

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