Money
Sales tax
The US equivalent of VAT, but charged only once, on the final sale to the customer, at rates that vary by state and even by city.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
You'll hear it as
We need to start collecting sales tax in Texas.
Why it matters to you.
If you build billing for customers abroad, every country (and in the US, every state) has its own rules. It's why billing gets complicated, and why companies pay for tax services.
Related terms.
Videos.
No video mentions Sales tax by name yet. These are on the same topic, Business & startups.