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Items that you buy are taxed on the actual amount that you paid for them.

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10y ago

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In Ohio for precription glasses are you taxed on full price or sale price?

like everything else sales price :)


How does sales tax affect the consumer's budget line?

it raises the price of the good being taxed by that tax rate per unit of the good taxed


What is taxed by sales tax?

the customer of the purchased item is taxed by sales tax.


What are commonly taxed items?

Items that are commonly taxed include:beeralcohol / spiritscigarettes


Are shoes taxed sales tax when purchased in Massachusetts?

There is no sales tax on shoes in MA. There is however a luxury tax for items over $175. You pay tax only on the amount over $175.


If I resell a product that I already paid California sales tax on do I have to pay sales tax again on the resale?

Yes and no. It depends on your situation. If you are a business, for example, and you are in construction, if you paid sales tax on lumber, you don't have to collect it from the end user. If you bought the lumber with a reseller's permit, you didn't pay taxes, so you need to collect it from the end user. If you routinely hold garage sales, you would have to collect sales tax on the items, even though they have already been taxed at purchase. Think of a vehicle in CA - it is taxed each time it changes owners, regardless of who paid the original tax.


What was passed in 1765 name 8 items which were taxed?

The Stamp Act was passed in 1765. Some taxed items were:paperstampsteanewspapersletterscardsdicepamphlets


Should items be taxed?

yes


Is GST receivable recorded on any purchase a business makes that is taxed?

I would assume that the GST which is like a sales tax or value added tax works the same way. In this case purchases by companies for resale are not usually taxed while items purchased by a company for final usage is taxed such as office supplies, computers, tools, etc. Raw materials or items to be used to go into production of a finished product would not be taxed when purchased by a company manufacturing items, but would be taxed when sold to the final user so that it is only taxed once. For instance, wood, nails, glue, stain, varnish, etc. used to manufacture a rocking chair would not be taxed when purchased by the manufacturer but when sold to the final customer it would then be taxed.


What is input taxed sales?

Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)


What were some of the items taxed under the townshed?

Basic items were taxed such as glass, tea, paper, and lead that colonists had to import becuase they didnt want to produce them.


What did James Polk lower tariff on?

He changed the way you were taxed for shipping items. Instead of being taxed for the quantity of the item, you were taxed for the quality if the item.