It varies by city in NY.
6% sales tax
4.6% local 4% state
1 cent
The total tax is $7.50 and the total price with tax is $157.50.
Virginia has a sales tax rate of 5.00%.
Sales Tax / Sales Tax Rate = Gross Sale
5.25%
The sale tex rate may 5.5%
The [unlikely] sales tax rate is 100*8/18250 = 0.0438% approx.
Sales tax is 7% in New Jersey. The tax rate tends to change during election times and sometimes individual counties vote for different tax rates.
Yes when you a gain on the sale of a asset you will have to report the sale on your 1040 income tax return and could owe some income after your 1040 income tax return is completed correctly for the year of the sale. At the present time the long term capital gains tax rate on the sale of personal asset (nonbusiness asset) is from the -0- % rate to the maximum 15% rate on the amount of LTCG.
Dealer sale yes. In a private sale the tax is collected when the new owner transfers the title at the DMV.