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Old 5th May 2008, 11:03 AM
The_Big_K
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I'm a Crazy Electrical Engineer
Join Date: 26th November 2005
Location: Terra-Firma
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Arrow What exactly is Sales Tax? [No confusion, anymore]

CEans,

The purpose behind starting CE -Finance was very simple. Engineers should have a place where they can talk about finance and benefit from it.

I've realized that most of us do not understand the term 'sales tax'.

While wikipedia says -

Quote:
A sales tax is a consumption tax charged at the point of purchase for certain goods and services
what do you have to say about sales tax.

addendum: The reason I'm posting it because I saw two of my friends debating over a lame issue : Whether we should ask for the bill at Petrol Pumps? Got my point?
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