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What is an example of a tax on consumption?
An example of a tax on consumption would be a sales tax. A sales tax is a tax paid for the sales of goods and services. A consumption tax, it is a tax on something used or "consumed." A sales tax is a good example. Europe has a value added tax which is the same idea.
What is the sales tax rate in Topeka Kansas?
The sales tax rate for Topeka, KS is 8.95% and that is including the state of Kansas sales tax.
You are most likely to pay your county or town taxes in the form of what tax?
- Sales Tax.
How much is tax per dollar in California?
How much sales tax per dollar in California
What is the sales tax on carpet in Florida?
Sales tax in Florida is 6% for the State. Other taxes by the locality can make the total go up to as high as 7.5% total.
Do you pay sales tax when buying a home in Iowa?
In my state there is no sales tax on a home sale.
Do I pay sales tax on a home purchase?
There is no sales tax on real estate purchases.
Do you have to pay sales tax when you buy a used mobile home?
In some states you do have to pay the sales tax on the purchase of a used mobile home.
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.
Do you charge your customers sales tax for firewood in the state of Maine?
Firewood used for home heating is exempt from sales tax. However, if it is sold as camp firewood, you must collect the sales tax.
Does ObamaCare raise taxes on home sales?
No, that is an internet myth, and there is no truth to it. The National Association of Realtors has also noted that this is a myth; the vast majority of home sales are in no way affected by the Affordable Care Act. On the other hand, there is a small tax increase (3.8%) on investment income. It is not a sales tax, and only applies to certain people with the highest incomes, and certain transactions over $500,000. I enclose a link to a good explanation of it; most objective estimates say it will have no effect on 98% of Americans.
Is there a sales tax on a mobile home?
There is almost always a sales tax. It differs from state to state and in Canadian provinces. For more information consult your local DMV or Tax office.
Do you pay sales tax on a new Mobile home home in Louisiana?
In Louisiana, under Act 500 of the Louisiana 2009 Regular Legislative Session, mobile home owners who reside in the home will pay tax on 46 % of the retail price. If the owner does NOT reside in the home ,they will pay tax based on the total cost of the home. This sales tax does not apply to any subsequent sale of the home.
What tax is paid by businesses only?
sales tax sales tax!
Will a Home Depot in Cleveland and a Home Depot in Columbus have the same sales tax?
No. Sales tax in Ohio is based on county. Cuyahoga County (Cleveland) Sales tax is currently 7.75% -Franklin County (Columbus) is 6.75% http://www.tax.ohio.gov/divisions/tax_analysis/tax_data_series/sales_and_use/documents/salestaxmapcolor.pdf
Do you have to charge sales tax on the merchandise you sell in a home business?
Whether you need to collect sales tax depends on where you and your customer is located. If your customers are in the same state as the physical location of your business, they owe sales tax on items. If you are shipping merchandise to a state where your business does not have a location, you will not need to collect sales tax.
Do you pay sales tax on a used mobile home in Pennsylvania?
If you buy a used mobile home from the owner, the lender financing the home with a mortgage or personal property loan normally sees that the sales taxes are paid. However, if you are paying cash for the mobile home instead of financing the purchase, you are responsible for paying sales tax when ownership of the mobile home is transferred to your name. Usually, sales tax is assessed and collected when you register the home with the motor vehicle agency inyour state.
