The state sales tax goes to the state's budget. Some states have specific laws as to how it is used, for instance it may be earmarked for educational purposes, or it may be for Safety services.
Typically sales tax is paid at the point of sale, hence the name. But depending on the state there are exceptions. If you buy goods from outside the state, and do not pay sales tax (internet sales!), you need to remit sales tax to your state. Most of the state income tax forms have a method provided for paying sales tax along with the state income tax.
Learn what sales tax is and find out many of the different types that you may pay. Discover where all that money goes and how it is used to offer.
Learn what sales tax is and find out many of the different types that you may pay. Discover where all that money goes and how it is used to offer.
which statement regarding state income tax is not true
Not in Washington State...However sales tax laws very by state.
Sales tax is most commonly used to raise money for a state.
The used sales tax for the state of Alabama on a used car is the same as a new car. 2.0% is the state sales tax. There is also city and county sales tax. This varies from each city and county.
States charge sales tax because the state government needs to make money, and taxation is the only way to make money for the state.
The buyer pays the sales tax.
Alaska does not have a State sales tax; however, several communities across the state do have a sales tax. These taxes are low - about 2%.
The state of Alaska does not have state inome tax - it is a sales tax state only.
5.65%
The state sales tax rate in Colorado is 2.900%. With local taxes, the total sales tax rate is between 2.900% and 10.900%.
Sales tax depends on which county and or city in Illinois. Cook County and Chicago have higher sales tax than most of the state.
There is no sales tax in the state of Oregon.
Typically sales tax is paid at the point of sale, hence the name. But depending on the state there are exceptions. If you buy goods from outside the state, and do not pay sales tax (internet sales!), you need to remit sales tax to your state. Most of the state income tax forms have a method provided for paying sales tax along with the state income tax.
Maryland's state sales tax is 6 percent