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Sales tax is added to the price. 50% means to add 50 cents for every dollar you pay. 100% is double price.
by alwayslikethis 2y ago
Sales tax is added to the price. 50% means to add 50 cents for every dollar you pay. 100% is double price.
- EGreg 2y ago50% tax on income, for instance, is taking half the money from your income.
- littlestymaar 2y agoIncome tax is calculated differently than sales tax (but most of the time it's progressive taxation which means you only pay the the 50% rate on your marginal income and not on the whole: my marginal income tax rate is 41% but I pay only 9% of my income as income tax for instance)