Sales Tax and Use Tax in the United States
Companies that operate in the United States do not only have to face direct taxes. They also have to face a lot of indirect taxes. Indirect taxes, such as value-added taxes are not levied by the United States federal government. Instead, the federal government has passed on this authority to different states and local municipalities. Hence, the rate can vary from as low as 3% to as high as 11% depending upon the states in which the business has its operations. Even within the same state, the tax rates can vary depending upon the county or city that the business is present in.
In this article, we will have a closer look at what the sales tax and use tax system is and how it works in the United States.
The Meaning of Sales Tax and Use Tax
How Sales and Use Taxes Affect Businesses
Authorship/Referencing - About the Author(s)
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