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How much money does the US government collect in sales tax?
55
disadvatage of sales tax?
A sales tax is a certain percentage of tax imposed by the government on the sales of goods and services. As per the law, a seller can collect some amount of sales tax from the consumers they are selling goods and services to. The sales tax does not produce any revenue to the seller. However, a seller is responsible to collect sales tax from consumers and pass it to the official authorities.
Why does the government collect income tax?
Too few people realize the benefits of using sales tax instead. http://www.fairtax.org/site/PageServer
How do you collect and pay sales tax?
you don't
What is the easiest tax to collect because its taken immediately?
Sales Tax
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.
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 sales taxes collected by state county and municipal levels?
Sales taxes are collected by every state except Alaska, Montana, New Hampshire, Oregon, and Delaware. Alaska itself does not collect sales tax but it allows Counties and Cities to collect them. Counties and Cities across the country are allowed to collect sales taxes for different used depending on the laws within that state.
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).
How much should I pay tax at DMV when sell used car?
If you are the "private" seller you do not collect sales tax. If your states requires sales tax to be paid on a private sell then the DMV will collect it when the buyer registers the car.
Can sales tax be charged on service maintenance agreements on copiers?
In california, generally the seller must pay sales tax on the parts purchashed and is not obligated to collect sales tax on the sale.
Is there a proposal for a National Internet Sales Tax?
yes these have been several proposals to collect state sales tax on Internet sales and at some point it will probably pass. The idea is based on the fact that merchants selling over the Internet are in fact selling merchandise and should be collecting and paying state sales tax to the various states. Many states have added a line to their income tax form where residents are required to state how much they purchased on the Internet and pay the sales tax that way. Obviously that only collects a percentage of the correct tax.Many large national internet merchants do collect and submit sales tax. The current state of the law requires merchants who have a "nexus" in the state to collect sales tax. A nexus being a physical presence.If your question is about a "national sales tax" a percentage added on sales and going to federal government there have been few if any serious proposals. Some have suggested a national sales tax in lieu of income tax.
