Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Taxes and Tax Preparation > What does sales tax pay for?

What does sales tax pay for?

Answer:

Answer 1

The use of collected sales taxes varies from state to state. Often, specified portions of sales taxes are dedicated to specific uses, such as education, highways, etc. Usually, the total amount of sales taxes is not dedicated, with some of it going into a states "General Fund" to be applied as the legislature and executive branch determine.

First answer by ID0000000000. Last edit by ID1206902338. Question popularity: 16 [recommend question].

[report abuse]

Can you answer these Taxes and Tax Preparation questions?

	Do you have to pay sales tax on a used car in Texas?	Answer it!
	Where do you mail in your federal tax return for Maryland?	Answer it!
	Do prisoners pay income tax?	Answer it!
	Do I pay taxes on spiffs?	Answer it!
	What is multilevel tax deduction at source means?	Answer it!

Relevant answers:

Do you have to pay sales tax on candy?
It depends entirely on the state (and sometimes on the local taxing bodies in the state). You cannot make any general statements on a national basis. For example, you would not pay sales tax on candy...
When do you pay your sales tax in Arkansas?
How much sales tax do you pay on a used $22,000 vehicle? How much sales tax do you pay on a used $22,000 vehicle?
Where do you pay car sale tax?
If you purchased the car from a dealership, the dealer collects it from you and pays it. If you purchased the car from a private owner, the county courthouse will collect it from you when you get it...
What sales tax do i have to pay for a car?
Probably the total price you paid for the vehicle - less the value of any trade multiplied by the tax percentage of your state: Example $20,000 vehicle minus $5,000 trade value = $15,000 X 5% =...
When do you not pay sales tax?
Some states don't have a sales tax. Also, certain convience stores, rest stops, and regular food stores don't always have a sales tax.