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Kaustubh
Member • May 4, 2008
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 -
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?
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 -
A sales tax is a Consumption Tax charged at the Point Of Purchase for certain goods and serviceswhat 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?