Reverse Sales Tax Calculator
Given the total price paid and the sales tax rate you can calculate the original net price of a sale and the amount paid in taxes. For regular calculation of State, Use and Local Taxes use State and Local Sales Tax Calculator.
For a state by state table of sales tax rates for 2022 see State and Local Sales Tax Rates, 2022. For more detail that may include local tax rates or type of purchase you need to consider see Wikipedia Tax Tables by State.
Reverse Sales Tax Calculations:
Where Sales Tax is the dollar amount of sales tax paid, Sales Tax Percent is the state sales tax as a percentage and Sales Tax Rate is the state sales tax as a decimal for calculations.
- Price before Tax = Total Price with Tax - Sales Tax
- Sales Tax Rate = Sales Tax Percent / 100
- Price before Tax = Total Price with Tax / (1 + Sales Tax Rate)
- Sales Tax = Price before Tax x Sales Tax Rate
Cite this content, page or calculator as:
Furey, Edward "Reverse Sales Tax Calculator" at https://www.calculatorsoup.com/calculators/financial/sales-tax-calculator-reverse.php from CalculatorSoup, https://www.calculatorsoup.com - Online Calculators