Realized 1031 Glossary of Terms

Sales Tax

Written by The Realized Team | Jul 18, 2022 12:00:00 PM
A sales tax is a tax imposed by a government on the sale of a good or service. A traditional sales tax is charged to the end user of the good or service at the point of sale, at which point the retailer will pass funds generated from the sales tax on to the appropriate government entity.

Different jurisdictions, counties and municipalities across the United States charge different sales taxes.