retail sales tax

Retail sales tax is a percentage added to the price of goods or services purchased by consumers. When you buy something at a store or online, the retailer collects this tax from you and then sends it to the government. The rate varies depending on the location. The tax funds public services like roads, schools, and healthcare. Essentially, it’s a consumption tax paid at the point of sale, and while the customer pays it, the retailer acts as an intermediary passing the money to the government.