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Word(s) in meaning: chat  "global warming"
Postal codes: USA: 81657, Canada: T5A 0A7

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What does FST stand for?

Federal Sales Tax


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This definition appears very rarely and is found in the following Acronym Finder categories:

  • Military and Government

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Samples in periodicals archive:
The increase is, in part, the result of 62-cent-per-pack federal sales tax increase that went into effect April 1.
Huckabee's proposed "FAIR tax" would eliminate federal income and investment taxes and replace them with a 23 percent federal sales tax.
The tax plan Huckabee has proposed, called the "FAIR tax," would eliminate federal income and investment taxes and replace them with a 23 percent federal sales tax.
Also, having a federal sales tax would encourage cheating.
Given the current cost of such items, for a family of four spending $30,000 a year the effective federal sales tax rate would be 11 percent.
Returning to the example of a national sales tax, recall that state government sales tax revenues will fall with the addition of the federal sales tax.
A federal sales tax would undermine state and local sales taxes by making it more difficult to increase those taxes and would reduce state and local flexibility by forcing compliance with the federal tax base.
Most of the advocates for a federal sales tax or VAT, from Senator Lugar to Alice Rivlin, have at least raised the possibility of some kind of sharing arrangement as compensation for the encroachment on the traditional state revenue base.

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