What is consumption tax?

Consumption tax is a tax on the purchase of good and services in the form of sales tax, excise tax, and other special taxes.​

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A tax on certain goods that aren't typically considered a necessity; sometimes called a luxury tax.

Excise Tax

A tax on goods and services that goes to a state or local government.

Sales Tax

What is consumption tax? (continued)

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How do I calculate costs of items with tax included?

Convert the tax percentage into a decimal by dividing the number by 100.

Multiply the t​ax percentage by the cost of the item.

Add the tax amount, in dollars, to the original price.​

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