two differences between sales tax and income tax
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Sales tax is the tax on the sale or lease of goods, and is what is known as a “pass-through tax.” Unlike income tax, sales taxes is decided and administered by state governments only. Merchants are required to collect sales tax from their customers and remit it back to the state, essentially acting as tax collectors.
Sales tax is the tax on the sale or lease of goods, and is what is known as a “pass-through tax.” Unlike income tax, sales taxes is decided and administered by state governments only. Merchants are required to collect sales tax from their customers and remit it back to the state, essentially acting as tax collectors.
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