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Sales Tax
Sales tax is a consumption tax levied upon purchase of a particular service or goods. The taxable amount is determined after applying the percentage rate to the taxable price of the goods or service.
3,209 Questions
How much is the sales tax in Idaho?
The Idaho (ID) state sales tax rate is currently 6%. Depending on local municipalities, the total tax rate can be as high as 9%.
What is the sales tax in Connecticut?
Currently (2012) the Connecticut sales tax is now6.35%.
However, with the current economic climate broad changes are possible:
Currently prescription and non-prescription medicine, and non-prepared foods are exempt from sales tax. Previous exemptions for newspapers and clothing have been repealed.
Additional taxes are levied on sale of specific goods and services (e.g. tobacco, alcohol, gasoline, movie tickets, tanning salon visits) and are not referred to as 'sales tax' but rather as 'gas tax', 'tanning tax', etc. These hefty 'sin taxes' serve two purposes-- they raise large amounts of cash for the state, and simultaneously discourage use of unhealthy/immoral/unnecessary products. There has been much discussion this year of trying to limit rising gas prices by capping the gas tax at a maximum of X-cents-per-gallon, mathematically analogous to collecting for Social Security only up to a certain income level.
What is sales tax rate of Washington State?
According to the State Sales and Use Tax Rates table, the state rate is .065 or 6.5%.
Counties and some municipalities add on a sales tax, which can bring the total sales tax to, for example, 8.5% in Whatcom County.
Your tax rate depends on where in Washington State the transaction occurs.
See below for the tax rate calculator.
Is there a sales tax on clothes in Florida?
Yes. The Florida (FL) state sales tax rate is currently 6%. Depending on local municipalities, the total tax rate can be as high as 7.5%.
What is the sales tax in Skokie Illinois?
The current total local sales tax rate in Schaumburg, IL is 10.0%
A value added tax, or VAT, is a more complicated version of a sales tax.
In the US, most states enforce a sales tax on goods and services. For example, if there is a 10% sales tax and you buy a $100 item, you pay $110. The merchant collects your ten dollars and sends it to the government.
In Europe and other parts of the world, VATs are the more common form of consumption tax. A VAT is only charged on the value added and the stage of production or distribution. For example, if there is a 10% VAT and you buy a £100 item, but the merchant paid £50 when they bought the item from the manufacturer, the manufacturer will pay a VAT of £5.
As the name says, the tax is calculated on the amount of value that specific portion of the "distribution chain" added to your cost.
To make things more complicated, VATs are usually completely hidden from the consumer. Prices are quoted to you inclusive of the VAT. The business bears the entire burden of collecting the tax for the state, and you never know about it.
A value-added tax (VAT) is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price.
What percentage is the sales tax in Nevada?
The current total local sales tax rate in Reno, NV is 7.725%.
What is sales tax for South Carolina?
The South Carolina state individual income tax rate is 3% to a top rate of 7% on taxable income.
Go to the sctax org website to find more information about South Carolina state taxes
What is the sales tax in Pittsburgh?
'Sources and related links' below has the rate per city. Pennsylvania imposes a 6% state sales tax on taxable goods and services (exemptions from sales tax include food, clothing, drugs, textbooks, resale items and residential heating fuels). A local sales tax of 1% or 2% is also collected on the sales of taxable goods and services in Allegheny and Philadelphia counties (for a total of 7% and 8% respectively).
What is Los Angeles sales tax?
'Sources and related links' below has the latest rate (it was 8.75% when this was posted).
How much is California sales tax?
The California sales tax rate is currently 6.25%. However, California adds a mandatory local rate of 1.25% that increases the total state sales and use tax base to 7.5%. Depending on local municipalities, the total tax rate can be as high at 10.0%.
What are the salary income tax rates in Pakistan for 2011?
Posted By:
Junaid Khan
Wah Cantt.
RATES OF TAX FOR SALARIED PERSONS FOR TAX YEAR 2011
S.# Taxable Income Rate of Tax
**1** Where The Taxable income does not exceed Rs 3, 00,000 0%
**2** B/ W 3, 00,001 To 3, 50,000 0.75%
**3** B/ W 3, 50,001 To 4, 00,000 1.50%
**4** B/W 4, 00,001 To 4, 50,000 2.50%
**5** B/W 4, 50,001 To 5, 50,000 3.50%
**6** B/W 5, 50,001 To 6, 50,000 4.50%
**7** B/W 6, 50,001 To 7, 50,000 6.00%
**8** B/W 7, 50, 0001 To 9, 00,000 7.50%
**9** B/W 9, 00, 0001 To 10, 50,000 9.00%
**10** B/W 10, 50,001 To 12, 00,000 10.00%
**11** B/W 12, 00,001 To 14, 50,000 11.00%
**12** B/W 14, 50,001 To 17, 00,000 12.50%
**13** B/W 17, 00,001 To 19, 50,000 14.00%
**14** B/W 19, 50,001 To 22, 50,000 15.00%
**15** B/W 22, 50,001 To 28, 50,000 16.00%
**16** B/W 28, 50,001 To 35, 50,000 17.00%
**17** B/W 35, 50,000 To 45, 50,000 18.50%
**18** Where the Taxable income Exceeds Rs. 45, 50,000 20.00%
******** Up till now 50% Reduction in tax Applicable if the age of senior
citizen is 60 years & income does not exceeds Rs. 10, 00,000.
******** Concession to Full time teachers and Researchers Will be 50% of tax payable.
******** Marginal Relief
will be provided if the total income of taxpayer marginally exceeds the maximum limit of a slab in the table. The following procedure will be adopted:
[a]. Total income does not exceed Rs. 5,50,000
Tax payable on maximum of last slab PLUS 20% of the amount exceeding the last slab limit.
[b]. Total income does not exceed Rs. 10,50,000
Tax payable on maximum of last slab PLUS 30% of the amount exceeding the last slab limit.
[c]. Total income does not exceed Rs. 22,50,000
Tax payable on maximum of last slab PLUS 40% of the amount exceeding the last slab limit.
[d]. Total income does not exceed Rs. 45,50,000
Tax payable on maximum of last slab PLUS 50% of the amount exceeding the last slab limit.
[e]. Total income exceed Rs. 45,50,000
Tax payable on maximum of last slab PLUS 60% of the amount exceeding the last slab limit.
The ( lesser amount) of tax Payable Either form Marginal Relief Rule or Original Tax payable.
b
What are the Oklahoma sales tax rates?
See 'Sources and related links' below for Oklahoma sales tax rates.
How is VAT different from Sales Tax?
VAT will have only four rates instead of large number of rats of Sales Tax, with off setting of tax on inputs against that on output; VAT does away with tax on tax. Claiming input tax credit under VAT ensures proper invoicing. Overall, these features of VAT encourage disclosure of complete information on business turnover.
How much sales tax is charge on used cars in Canada?
Private sales of used cars pay only the PST. Used cars bought from Dealers pay both PST/GST (the dealers are providing a service - go figure).
Where are the lowest priced houses for sale in the United States?
Trona, California, the city with the lowest priced houses in the United States is located less than 100 miles from Death Valley, where the highest temperature ever recorded in the U.S. was set on July 10, 1913. On that day, the temperature in Death Valley reached 134 F. Trona is located in the Mojave Desert on the edge of a dry lake bed called Searless Lake, where a chemical manufacturing plant processes soda ash, potash, and other chemicals from wells that pump slurry from below the dry lake bed into the processing facility. Trona has a population of 1,885, as of the 2005 census, and is known for it's isolation and desolation. The local high school has the only dirt football field in the contiguous United States. (Some schools in Alaska also play on dirt fields.) The little desert town of Trona was the "shopping center" for the infamous Manson family in 1969. Charlie Manson and his so-called "family" lived in the mountains behind Trona, near the ghost town of Ballarat, and visited Trona when they needed supplies. Trona's "claim to fame" are the Trona Pinnacles, the largest collection of tufa towers in the United States. Tufa is a type of calcium carbonate called travertine, that was formed by underground freshwater springs discharging into the prehistoric salt lake. The following houses listed at $25,000 and below, were "For Sale" in Trona as of August 1, 2008. $4950. 2 B.R. 1 Bath single family home in Trona, California. This house is currently in foreclosure. No other information is available. $6,538. 3 B.R. 1 Bath single family home in Trona, California. 1,146 sq. ft. Monthly payment, #31.36. ($5.70 per sq. ft.) $15, 390. Single family home with 3 Bedrooms and 2 Baths in Trona, California. 1,250 sq. ft. ($12.31 per sq. ft.) Currently in foreclosure. $19,900. 2 B.R. 1 Bath single family home in Trona, California on 0.15 acres. 1,024 sq. ft. ($19.43 per sq. ft.) . $20,000. 3 B.R. 1 Bath 850 Sq. ft. single family home on 0.16 acres. Built in 1969. ($23.52 per sq. ft.) Est. monthly payment $95.93. $23,990. 2 B.R. 1 Bath single family home in Trona California. 1,090 sq. ft. ($22.00 per sq. ft.). $24,900. 4 B.R. 2 bath home in Trona California. 842 sq. ft. ($29.57 per sq. ft.) . $25,000. 4 B.R. 1 Bath single family home on over 1/4 acre in Trona California. 1,260 sq. ft. Built in 1937. ($19.84 per sq. ft.) Additional information on Trona can be found by Googling "Trona, California."
What would happen to the colonist in Britain who did not pay tax?
the colonist that refused to pay taxes were put in jail and sent to work for the kingdom
Margin requirement(kaylop)
What were the items taxed by the British?
- The Stamp Act - It was passed into Parliament because the British needed money (taxes) from the Colonists to pay for THEIR war. The Seven Years War with the French. Americans were required to pay tax on every piece of printed paper used. Ship papers, legal documents, licenses, newspapers, other publications, and even playing cards were taxed. They taxed everything they used on a regular basis.
- The Quartering Act - Required all Colonists to house and feed the Redcoats at their own expense.
- The Townsend Act - Taxed tea, sugar, glass for windows, paint...etc.
Duty-free markets have duty-free shops - which are retail outlets that do not apply local or national taxes and duties. Shoppers may, however, still have to pay duties in their home country on items purchased from a duty-free shop. They are often found in the international zone of international airports, sea ports or on board passenger ships.
A sales tax on gasoline is and example of what type of tax?
The United States has a progressive tax method. This means that the more your earn to more tax percentage of your income you pay. This is a dangerous type of taxation in that we are approaching a time when almost 50% of the population pay no income taxes at all.
