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Here in the US, a sales tax is on the whole transaction and so is essentially a tax on sales revenue. It is very close to a pure consumption tax.
by saltcured 7y ago
Here in the US, a sales tax is on the whole transaction and so is essentially a tax on sales revenue. It is very close to a pure consumption tax.
- AnthonyMouse 7y agoSales tax in the US generates a comparatively small amount of revenue. Some states don't even have one. The majority of tax revenues in the US are paid to the federal government rather than the states and through personal income tax and payroll tax rather than consumption taxes.