Items that you buy are taxed on the actual amount that you paid for them.
To calculate capital gains for tax purposes, subtract the original purchase price of an asset from the selling price. This difference is the capital gain, which is then taxed at a specific rate based on how long the asset was held before being sold.
To calculate capital gains tax on the sale of a home, subtract the purchase price and any expenses from the selling price to determine the profit. If you owned the home for more than a year, the profit is taxed at the capital gains rate. If you owned it for less than a year, it is taxed as ordinary income.
NO THEY ARE NOT TAXED THE PRODUCT INSTALLED IS TAXED AND LABOR ALSO
Yes, both capital gains and income dividends are subject to taxation. Capital gains are taxed when you sell an asset for more than its purchase price, with rates depending on how long you've held the asset. Income dividends, which are earnings distributed to shareholders, are typically taxed as ordinary income, though qualified dividends may be taxed at lower capital gains rates. Tax rates can vary based on individual circumstances and prevailing tax laws.
The payout of PTO is typically taxed as regular income by the government.
like everything else sales price :)
it raises the price of the good being taxed by that tax rate per unit of the good taxed
the customer of the purchased item is taxed by sales tax.
Items that are commonly taxed include:beeralcohol / spiritscigarettes
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.
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.
The Stamp Act was passed in 1765. Some taxed items were:paperstampsteanewspapersletterscardsdicepamphlets
yes
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.
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
Basic items were taxed such as glass, tea, paper, and lead that colonists had to import becuase they didnt want to produce them.
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.