kids encyclopedia robot

Sales tax facts for kids

Kids Encyclopedia Facts
Receipt California restaurant 2006
Cash register receipt showing sales tax of 8.5%

Sales tax is a regressive form of taxation based on what people buy rather than their income. In the UK it is called Value added tax, and certain vital items are exempt. Hungary has one of highest rates in the world- 27%.

Related pages

kids search engine
All content from Kiddle encyclopedia articles (including the article images and facts) can be freely used under Attribution-ShareAlike license, unless stated otherwise. Cite this article:
Sales tax Facts for Kids. Kiddle Encyclopedia.