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If you have owned a classic car for over 10 years and get a profit on the sale with appreciation do you pay tax on the sale?
The purchaser pays the taxes.
Who pays the sales tax when buying a used car from a dealer in Arizona?
In Arizona, the buyer pays the sales tax when purchasing a used car from a dealer. The dealer collects the tax at the time of sale and then remits it to the state. The sales tax rate is based on the total purchase price of the vehicle, and additional local taxes may apply depending on the location of the sale.
What is an example of indirect tax?
An example of an indirect tax is the sales tax, which is levied on the sale of goods and services. This tax is collected by retailers at the point of sale and then passed on to the government. Unlike direct taxes, such as income tax, the burden of indirect taxes can be shifted from the seller to the consumer, who pays the tax as part of the purchase price.
A tax on gasoline is a tax?
proportional A fuel tax is an excise tax imposed on the sale of fuel;A proportional tax, also called a flat tax is a system under which everyone pays the same rate for taxes regardless of gross income.
A tax on gasoline is a tax.?
proportional A fuel tax is an excise tax imposed on the sale of fuel;A proportional tax, also called a flat tax is a system under which everyone pays the same rate for taxes regardless of gross income.
Who pays the property tax if the property is used as commercial?
The state pays the property tax.
Is a tax where everyone pays the same percentage a regressive or progressive tax?
Neither, a tax in which everyone pays the same percentage is called a flat tax.
Do you still have to pay taxes on short sale balances?
You pay tax when you close your short position. If your brokerage pays interest on your balances, the interest would be taxable.
Who pays the realtor fees in a sale by owner transaction?
In a sale by owner transaction, the seller typically pays the realtor fees.
Who pays site tax?
You.
Sales tax is an example of?
Sales tax is an example of an indirect tax. This is taxes that a consumer pays to someone else and then that other person pays the taxes to the government.
In a for sale by owner transaction, who pays the buyer's agent commission?
In a for sale by owner transaction, the seller typically pays the buyer's agent commission.
