Congress has debated imposing a national sales tax since at least the Civil War days. However, to date (knock on wood!), the federal government has exhibited a modicum of restraint and limited federal sales-type taxes to excise taxes on specific commodities, such a motor fuels and tires. So for now, general sales taxes remain the province of your state and local government authorities.
Unless you happen to live and do business exclusively in one of the five states that do not impose general sales taxes, you've probably had some exposure to state and local sales taxes.
However, what do you really know about these taxes, apart from the fact that they get added to the bill on some of your purchases? Or, perhaps the better question is what, as a small business owner, should you know about these taxes?
Your Sales Tax Obligations
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