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No. Sales tax is a states way of generating monies. However, they do levy luxury tax (gas taxes, tobacco taxes, etc.), but it's not considered the same.
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What is exemption from taxation of government entities?
It just means that Government entities don't pay tax. The Federal Government for example doesn't pay tax to a State, including things like sales tax or property tax.
What kind of tax is the federal government's tax?
It's a federal government tax
Is sales tax deductable?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Is Gas sales tax deductible?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Which level of government is sales tax imposed?
Sales Tax is imposed by State and Local government. Sales tax provides around 11 percent of state tax revenue (on average).
Are the 2 taxes charged on each pack of cigarettes a sales tax?
There is a federal excise tax and a state sales tax.
What sales tax do you use if you live in Illinois and buy in Missouri?
If you are at a store in Missouri and buy something it is Missouri tax. If you buy it on the internet and it is shipped you are charged neither of the "states'" tax. It is basically not taxed since the federal government doesn't have sales tax at this time.
What is national sales tax?
A national sales tax is a consumption-based tax imposed on the sale of goods and services at the federal level. It is collected directly from consumers at the point of sale and is intended to generate revenue for the government. National sales tax can take different forms, such as a value-added tax (VAT) or a goods and services tax (GST).
What are the main sources of state revenue?
sales taxesindividual income taxescorporate income taxes
At which level of government is sales tax imposed?
Sales Tax is imposed by State and Local government. Sales tax provides around 11 percent of state tax revenue (on average).
Does the federal government pay sales tax?
No...sales tax is a State level tax...the Federal Gov't is exempt and immune from state taxes. However, the Federal Government does pay taxes on all of our own money. The Federal Reserve is a privately owned bank that prints money and lends it to every US bank - as well as to the US Government, when There's some useful information here, if you'd like to learn more: http://www.federalbudget.com/ (Also, search "The American Dream Movie" for a very well animated explanation.)
Will a 3.8 percent federal sales tax be imposed on home sales?
No federal sales tax is imposed on home sales at this time. If you sell your home and have a long term capital gain it would be possible that you would have some federal income tax to pay on the sale of your home or house or other business property.
