Though most Americans associate April with taxes, the truth is, every day is tax time. Unless you’re lucky enough to live in a state with no sales tax, you pay a percentage on nearly all of the items you purchase. On a pack of gum you might just pay a few cents, but on a new car, it could be a few thousand dollars.
Since this tax is built into the cost of most items, you might not have ever stopped to think about it. It begs the question, do you know what sales tax is? More importantly, do you know where your tax dollars actually go?