A report on Sales tax, Value-added tax and Tax

Federal Sales Taxes
Map of countries and territories by their VAT status
Total revenue from direct and indirect taxes given as share of GDP in 2017
Cash register receipt showing sales tax of 8.5%
A Belgian VAT receipt
Pieter Brueghel the Younger, The tax collector's office, 1640
Without any tax
Substitution effect and income effect with a taxation on y good.
With a 10% sales tax
Budget's constraint shift after an introduction of a lump sum tax or a general tax on consumption or a proportional income tax.
With a 10% VAT
The Laffer curve. In this case, the critical point is at a tax rate of 70%. Revenue increases until this peak, then it starts decreasing.
A supply-demand analysis of a taxed market
General government revenue, in % of GDP, from social contributions. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 20% by social contributions revenue.
Standard VAT or sales tax rate
Egyptian peasants seized for non-payment of taxes. (Pyramid Age)
General government revenue, in % of GDP, from VAT. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 3% by tax revenue.
Public finance revenue from taxes in % of GDP. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 32% by tax revenue.
EU VAT Tax Rates
Diagram illustrating deadweight costs of taxes
4 May 2010 "Campaña no más IVA" in Spain
National VAT act as a tariff on imports and their exports are exempt from VAT (zero-rated).

A sales tax is a tax paid to a governing body for the sales of certain goods and services.

- Sales tax

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally.

- Value-added tax

It is similar to, and is often compared with, a sales tax.

- Value-added tax

A value-added tax (VAT) collected on goods and services is related to a sales tax.

- Sales tax

Countries or subunits often also impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, payroll taxes, duties and/or tariffs.

- Tax

Since governments also resolve commercial disputes, especially in countries with common law, similar arguments are sometimes used to justify a sales tax or value added tax.

- Tax
Federal Sales Taxes

2 related topics with Alpha

Overall
Trends in Tax Structures in OECD Countries

Indirect tax

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Trends in Tax Structures in OECD Countries
Tax structure per OECD country in 2018.
General government revenue, in % of GDP, from indirect taxes. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 0 % by tax revenue.

An indirect tax (such as sales tax, per unit tax, value added tax (VAT), or goods and services tax (GST), excise, consumption tax, tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased.

Regressive tax

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A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.

Payroll taxes, such as FICA and Unemployment Insurance in the United States, and consumption taxes such as value-added tax and sales taxes are regressive in that they both raise prices of purchased goods. Lower-income earners save and invest less money, so pay a larger proportion of their income toward these taxes, directly for sales tax and as the price increase required to make revenue covering payrolls for payroll taxes.