Sales tax in Charlotte, NC
Sales tax is consumption tax which is charged at point of purchasing for certain services or goods. The tax amount is generally calculated by applying a small percentage rate to taxable price of sale.
Then a portion of sale will be exempted from tax calculations as sales tax is composed of several exemptions in Charlotte, NC. Generally sales tax is charged on sale of goods or subscription for service.
Ideally the sales tax will have higher compliance rate and difficult to avoid. The sales taxes are considered to be regressive as it imposes burden on middle class and low income families when compared to wealthy families. The sales tax charged in Charlotte, NC is about 7.25% on sale.
http://en.wikipedia.org/wiki/Sales_tax
http://www.bankrate.com/brm/itax/edit/state/profiles/state_tax_NC.asp
