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We don't have sales tax where I'm at, so I didn't even know they took tax...
That's why putting $5 into your wallet puts $5 in and not some lesser amount. Tax is taken out at purchase time, and adding funds to the wallet isn't a purchase.
However, you always pay taxes on purchases with those wallet funds.
The only exceptions to not paying sales taxes are the few areas that do not have sales tax on Steam, as seen here...
https://steamcommunity.com/sharedfiles/filedetails/?id=3266528490