Sales tax facts for kids
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%.
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.