A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Excise TaxA tax on specific goods like fuel, alcohol, or tobacco, often built into the price rather than added at checkout.
- Regressive TaxA tax that takes a larger share of income from lower earners than higher earners, such as many sales taxes.
- Property TaxA tax local governments charge on the value of real estate you own, funding schools and community services.
- State Income TaxA tax some states charge on your earnings, separate from federal income tax, with rates that vary by state.
- Taxable IncomeThe portion of your income left after deductions that the government actually applies tax rates to.
Turn this into a brick
Knowing what Sales Tax means is knowledge — the first half. A brick gets placed when you act on it.
More in Taxes
1099Adjusted Gross Income (AGI)Alternative Minimum Tax (AMT)Capital Gains TaxChild Tax CreditDependent
Plain-English education — not personalized legal, tax, or investment advice.