Which of the following statements best describes the difference between sales tax and property tax?
a.
sales tax is applied to items as they are purchased while property tax is applied to items already owned.
b.
sales tax is applied repeatedly while property tax is paid only once for as long as you own the item.
c.
sales tax can be applied to a new speed boat while property tax cannot.
d.
sales tax is strictly meant for food and consumables while property tax is meant for non-food items

Option A (Sales tax is applied to items as they are purchased while property tax is applied to items already owned) is correct.

An individual must pay property tax recurrently until he owns that property. An individual only has to pay a sales tax only for once at the time of transaction of the commodity. Both the seller and consumer share the burden of the sales tax. Seller transfers some amount of tax to the consumer by increasing the price of the commodity. An owner of the property cannot share the property tax. He must pay it on his own.

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