Question

If government wishes to tax us based on consumption of goods and services (perhaps to reward savers over spenders), it should institute a (an) income tax. payroll tax. property tax. profits tax. sales tax.

Answer 1

Explanation: sales tax is the name given to the cost incurred or paid into government coffers for the sale an item, goods or service. The tax amount is usually paid by the buyer upon purchase of the item to the seller and the amount is remitted to the appropriate tax authority by the seller. Sales tax differs from use tax in that use tax is paid directly to the government by the consumer while sales tax is paid by the consumer to the seller who then pays to the government. One common example of sales tax is the Value Added Tax which is levied by financial organizations, telecommunication companies and others who charge consumers a certain amount called 'VAT' which the company then pays to the government.

Answer 2

sales tax

Step-by-step explanation:

Sales tax is the tax paid by people who who purchases consumable goods and services. This is applicable in most developed countries of the world and the rate ranges from 3% to 30% from one country to another or from one region to another.

This tax is one of the ways the government of a country earns money to carry out its social functions towards it citizens and at same time to encourage minimalist lifestyle among its citizens (That it, buying thinds that are necessary thereby reducing environmetal wastes and its associated problems).