How much is the tax on a pack of cigarettes in California and can you deduct that tax on your taxes?
Are you on drugs? You want the government to give you back the taxes you pay on cigarettes? You realize that the reason the taxes are so high is mainly as a deterrent to smoking, as well as to generate revenue. Why would they give you this money back!!
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It is a term for an amount, whether it be determined by its cost, like a medical expense, or some other method (like a child or dependent person being considered as a specific… amount), that is allowed to offset otherwise taxable income.. A Tax Deduction could also be donations:. A church, synagogue, or other religious organization; . A war veterans' organization or its post, auxiliary, trust, or foundation organized in the United States or its possessions; . A nonprofit volunteer fire company; . A civil defense organization created under federal, state, or local law (this includes unreimbursed expenses of civil defense volunteers that are directly connected with and solely attributable to their volunteer services); . A domestic fraternal society , operating under the lodge system, but only if the contribution is to be used exclusively for charitable purposes; . A nonprofit cemetery company if the funds are irrevocably dedicated to the perpetual care of the cemetery as a whole and not a particular lot or mausoleum crypt.
I can't find the base price before tax, but if you look at the link below it shows federal and state taxes on cigarettes http://en.wikipedia.org/wiki/Cigarette_taxes_in_the_Un…ited_States#State_cigarette_tax_rates for example in Texas, the tax would be $1.41 state tax and $1.01 federal tax with a total of $2.42 tax per pack
Several tens of thousands of pages (maybe more) exist on this topic. No list does, nor is a list possible.
It is, normally, only for business type things. Like trademarks, issued stock, etc and non pyhisical assets used in a State. (Compared to a real & personal property tax which …is on physical things).. If appled to an individual I don't think it would be tax deductible on Fed (to a business it's like any other lisc fee or cost/expense).
It varies by state.
Those are amounts taken out of your paycheck that do not reduce the amount of tax you have to pay on your salary.
80p goes to the shop who cells & 80p goes to the people who manufactuer the product so where does the Â£6 come from for a box of cigarettes?!!
It depends on how much you are earning. There is a minimum income limit and anyone earning above that predetermined number has to pay taxes. The taxes start with 10% and go up… to 30%. There are also many options to reduce taxes legally. You can check the link in the related links section to learn about indian income tax.
That depends on where you are. Different countries have different tobacco tax rates. In the USA, different states have different rates.
It varies from state to state.
In Taxes and Tax Preparation
Yes. Tax Preparation does lies under business investment thus, istax deductible.
A pack of cigarettes in Ohio cost right around $5.50 with tax.
over 9 thousand!
Too much so stop smiking
probably the US. and how you may ask well just have a small walk around L.A