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What is sales tax?

 
 
Answer #128 -- ( Published 08/08/2005 09:21 AM | Updated 08/08/2012 10:01 AM )

What is sales tax?

"Sales tax" is a tax imposed by the State of Illinois and some units of local government when merchandise is sold. Generally, the tax is a percentage of the selling price. Retailers (and some people who are in the service industry) collect sales tax from their customers.

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