Do you live in a state that has a high sales tax? A state that imposes no sales tax at all? Consumption tax, the category that includes sales tax, is often a footnote at the end of a receipt, but it ...

House Republicans introduced the FairTax Act of 2023 in January, and if it passes, a national consumption tax would replace the current tax system. Keep reading to find out how it would work and what ...

SIOUX FALLS, S.D. (KELO) — South Dakotans are divided on a measure that would eliminate the state’s tax on anything sold for “human consumption.” When petition sponsor, Rick Weiland, first submitted ...

The rules and regulations that stipulate how, when, and how much must be paid in taxes to local, regional, and federal authorities. Browse Investopedia’s expert-written library to learn more.

South Dakota's commerce groups are pushing the argument that a food and consumables tax repeal measure — one that could save money for families at the grocer — is either a badly written piece of ...