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LSDefine

Simple English definitions for legal terms

Sales tax

Read a random definition: discharge

A quick definition of Sales tax:

A sales tax is a tax that you pay when you buy something. It's like a little extra fee that you have to pay on top of the price of the thing you're buying. The money from the sales tax goes to the government, and they use it to pay for things like schools, roads, and parks. Different states and cities have different sales tax rates, but most of the time it's between 5% and 9%. Some places don't have a sales tax at all!

A more thorough explanation:

A sales tax is a tax on the purchase of goods or services. It is paid at the time of the transaction and is usually a percentage of the total cost. Sales taxes are a type of consumption tax, which means they are based on how much people buy and use.

In the United States, sales taxes are determined by state and local governments. Some states, like New Hampshire, Oregon, Montana, and Alaska, do not have a statewide sales tax. However, most states have a sales tax that ranges from 5% to 9%. Some cities and counties also add their own sales tax on top of the state tax. For example, New York City has a sales tax of 4.5% on most products.

Sales taxes are used to raise revenue for the government. They can be used for general purposes or for specific projects. For example, Milwaukee County and four surrounding counties levied a special stadium tax of 0.1% to assist in funding the construction of Miller Park, the stadium for the Milwaukee Brewers.

Example: If you buy a shirt for $20 and the sales tax is 6%, you would pay an additional $1.20 in tax. This means the total cost of the shirt would be $21.20.

Example: A city might raise the sales tax for a few years to pay for a new library. This temporary tax would only be in effect until enough money was raised to pay for the library.

These examples illustrate how sales taxes work and how they can be used to raise money for different purposes.

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goofy-goober
15:36
I just wanna see my results man, waiting is so painful :~(
any word on scalia or any school lol
oakenrays
15:52
scalia is dead fortunately
oakenrays
15:52
law schools are coming out slowly but surely
HopefullyInLawSchool
16:03
@UnderRepresentedTryhard: Yes only for YM applicants tho
RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
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