2. Which of the following is true about sales taxes?
a.) The national sales tax percentage rate is 6%.
b.) The federal government will deduct it from your paycheck.
c.) You don't have to pay the tax if your income is very low.
d.) It makes things more expensive for you to buy.
We do not have a national sales tax and if we did, it would be levied against purchases, not taken from our income earnings. Sales tax often have a greater effect on lower wage earners.
But the bottom line: it makes things more expensive to buy. But, if those who collect these taxes use them wisely - and few municipalities do, the overall tax rate on properties and even some income taxes should remain low.
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