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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 were one fifth cent Colorado tax token used for?
The tokens were used for sales tax when the tax amounted to less than a penny.
What is VAT used for?
Isn't VAT used to pay for things the goverment funds like social services and the police. That's what a lot of taxes are used for. Please correct me if i'm wrong ==== I kept the original answer which is a question used to answer another question. A VAT generally stands for a "Value added tax". As with all taxes, the monies raised are for pay down a current deficit or to raise funds for Government operating expenses or to undertake a new venture such as placing a man on Mars. The VAT is usually a national sales tax. Currently in parts of Europe for example it is a common method to raise funds. In the United States, so-called US State sales taxes are likened to a national sales tax, of which the Federal Government is reluctant to add upon already high sales taxes. Although I believe the Federal Government & individual states all tax gasoline purchases. Most of the time, however, the VAT is discussed as a means to not raise Federal income taxes. The political climate for a VAT in the USA is a negative. The Federal Government is more likely to use "luxury" taxes or create a more progressive federal income tax OR yet still close some of the many Federal income tax loopholes.
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.
Where do state governments obtain more than half there funds from?
Sales tax
Is there a sales tax on a used car in Oklahoma?
What is the sales tax on used cars in Oklahoma
What is the Colorado used car sales tax?
The sales tax for a used car as of 2011 is 7.72%
When do you pay your sales tax in Arkansas?
How much sales tax do you pay on a used $22,000 vehicle? How much sales tax do you pay on a used $22,000 vehicle?
Does gross sales include sales tax?
No. The sales tax is posted as a credit to the Sales Tax Payable Account. So, if you had a $100 sale plus $5 sales tax, you would debit cash $105, credit Sales $100 and credit Sales Tax Payable $5 Sales taxes are a collection you make for the State. It is funds entrusted to you by the State to be paid over to them. They are not part of your sales or receipts. (Gross income will be sales less cost of sales. This is before selling, general, administrative, interest and tax expenses are taken out.)
What is the used car sales tax for Alabama?
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.
What is the sales tax on used car purchases in atlanta?
If you buy it from a private owner there is no sales tax. If you get it from a dealership, you'll pay ~8% sales tax
Tennessee Sales Tax?
What is the sales tax on used cars in Tennessee up to 1 $14000?
What is a 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 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 for Barrington Illinois in Cook County?
what is the sales tax on a used car in barrington illinois
Sales tax on used RV in Minnesota from private party?
What is the sales tax on a used RV licensed in Minnesota involving a private sale
