Sales tax is a part of everyday life, but how much do you really know about it? Here are some interesting tidbits:
The oldest known sales tax was implemented in Ancient Egypt around 2000 B.C. It was a tax on cooking oil.
Chicago, Illinois, has one of the highest combined sales tax rates in the United States, reaching over 10% in some areas.
Five states in the U.S. currently do not have a statewide sales tax: Alaska, Delaware, Montana, New Hampshire, and Oregon.
Online sales tax regulations vary by state, with some states requiring online retailers to collect sales tax even if they don't have a physical presence in the state.
Some states offer sales tax holidays where certain items are exempt from sales tax for a limited time, often around back-to-school season or during hurricane preparedness.