A ________ tax is similar to a sales tax.

Name: A ________ tax is similar to a sales tax.
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A value-added tax (VAT) is a tax that is assessed on the value added at each stage of production. It is similar to a sales tax, but it is levied on the amount by which the value of a good or service increases at each stage of production or distribution. This is different from a sales tax, which is only levied once the final consumer purchases the product or service.

A ________ Tax Is Similar to a Sales Tax