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Taxes are a matter of the tax code in a given jurisdiction. If an item is taxable according to the tax code, then taxes will always be paid, even if the cost of the item is far less than a dollar. The sole exception to this rule is if the calculated taxes of a transaction would not equal at least one-half of one cent, then no taxes are usually due. In practical terms, any item you buy that is taxable will be taxed, even if the cost of the item is only a quarter or a dime.
What else can I help you with?
Are computers tax exempt under the Virginia tax holiday?
No, only items under $100 dollars are exempt in VA's tax exempt holidays. I wish they were!
What is the tax for one dollar?
I don't know what the tax is for one dollar can any one help me?
What types of items do you not pay sales tax on?
Food items
What is a selective sales tax?
This is a sales tax on specific items, such as cigarettes or alcoholic beverages. These may also be referred to as "sin taxes", under the conservative Christian belief that smoking and drinking are improper vices.
What would offset your tax liability in a direct dollar for dollar manner and could actually increase your tax refund beyond the amount paid during the tax year?
Tax credits directly offset your tax liability on a dollar-for-dollar basis, which can significantly reduce the amount you owe. Certain refundable tax credits, such as the Earned Income Tax Credit (EITC) or the Child Tax Credit (CTC), can even result in a tax refund that exceeds the amount of taxes you paid throughout the year. This means that if your tax credits surpass your tax liability, you could receive a refund for the difference, effectively increasing your overall refund.
Are computers tax exempt under the Virginia tax holiday?
No, only items under $100 dollars are exempt in VA's tax exempt holidays. I wish they were!
Can items under 1 dollar be sold in an Ebay store?
yes
A dollar-for-dollar subtraction from the tax liability?
Tax credits
What are nontaxable items?
Nontaxable items are goods and services that are exempt from sales tax under specific regulations. Common examples include certain food items, prescription medications, and some educational materials. Additionally, items purchased for resale or by tax-exempt organizations may also be classified as nontaxable. The specific list of nontaxable items can vary by jurisdiction and is subject to local tax laws.
When is sales tax free day in MA in 2009?
Massachusetts will waive sales tax on purchases of most items under $2,500 on August 11 & 12
What is the tax for one dollar?
I don't know what the tax is for one dollar can any one help me?
How much is tax per dollar in California?
How much sales tax per dollar in California
How do you get dollar general to honor tax exempt status in Oklahoma?
where do I get application for tax excempt at dollar stores, I have tax id number
What items get excise tax?
alcohol cigarettes and items like that are taxed with and excise tax
Does Taco Bell sell tacos for 49 cents on Sunday?
No, that was 1987- but they offer many items every day for just a dollar (plus tax).
What are some stores that offer dollar items?
There are several stores that offer most, if not all items for the price of one dollar per unit, including The Dollar Store, Dollar Tree, and Family Dollar. Some Target and Walmart locations also offer sections of dollar items.
What is the sales tax rate on used items in this state?
The sales tax rate on used items in this state is X.
