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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
What is the sales tax rate for Medina County Ohio?
The sales tax for Medina Ohio is 6.5%. It has been this way since 2006. GLAD I COULD HELP ALL YOU PONDERERS. OR IF IT's LIKE A SCHOOL PROJECT OR SOMETHING! TEEHEE!
How do you find the original price of an item if you know the sales tax percent and amount?
The amount of tax divided by the percent of tax (expressed as a decimal) will equal the original price.
Do you pay sales tax when buying a home?
When you purchased your home you probably paid settlement or closing costs in addition to the contract price. You can deduct home mortgage interest, points, and certain real estate tax on your tax return. Review your paperwork from your title insurance company and mortgage company which will show any real estate taxes paid.
To answer your question, NO.
Do you have to pay sales tax on a car purchase in ma if you are legally blind?
No. See MGL C. 60A, section 1:
The excise imposed by this section shall not apply to a motor vehicle owned and registered by a veteran, as defined in section 7 of chapter 4, who according to the records of the United States Veterans Administration, by reason of service in the armed forces of the United States, has suffered loss, or permanent loss of use of, one or both feet, or loss, or permanent loss of use of, one or both hands, or has been determined by the medical advisory board established under section 8C of chapter 90 to be permanently disabled; nor to a motor vehicle owned and registered by a veteran, as defined in section 7 of chapter 4, who is receiving a statutory award from the Veterans Administration for the loss of sight of one eye or who according to the records of the United States Veterans Administration, by reason of service in the armed forces of the United States, has suffered permanent impairment of vision of both eyes of the following status: central visual acuity of 20/200 or less in the better eye, with corrective glasses, or central visual acuity of more than 20/200 if there is a field defect in which the peripheral field has contracted to such an extent that the widest diameter of visual field subtends an angular distance no greater than twenty degrees in the better eye; nor to a motor vehicle owned and registered to any person who has suffered loss, or permanent loss of use of, both legs or both arms; nor to a motor vehicle owned and registered to any person who has suffered permanent impairment of vision of both eyes of the following status: central visual acuity of 20/200 or less in the better eye, with corrective glasses, or central visual acuity of more than 20/200 if there is a field defect in which the peripheral field has contracted to such an extent that the widest diameter of visual field subtends an angular distance no greater than twenty degrees in the better eye. This exemption shall apply to not more than one motor vehicle owned and registered for the personal, noncommercial use of such veteran or person. After the assessors have allowed an exemption under this paragraph no further evidence of the existence of the facts required by this paragraph shall be required in any subsequent year in the city or town in which the exemption has been so allowed; provided, however, that the assessors may refuse to allow an exemption in any subsequent year if they become aware that the veteran or person did not satisfy all of the requisites of this section at the time the exemption was first granted.
Why is gasoline so heavily taxed worldwide?
Federal, state, and local taxes on gasoline consumption, both in North America and on a worldwide basis drive up the cost of this fuel fro several reasons.All governments require a steady flow of income. Gasoline usage is easily measured and predictable
allowing for governments to base part of their budgets on the sales taxes generated by gasoline sales.
To increase revenue, even a small increase on gasoline sales taxes, will normally not meet with much consumer resistance. This is of course predicated on the assumption that taxes on this fuel are not already overbearing. Governments realize that gasoline taxes are regressive in nature. Gasoline consumption and its costs affect all levels of society. With that said, it seems that even so-called progressive governments seem not to be concerned that low wage earners suffer the most when taxes on gasoline are simply too high. How high is high is another question that cannot be answered here.
Taking the United States as an example, gasoline taxes are nearly half the cost of a gallon of gasoline. Taxes in European nations even exceed that of the US and Canada.
In dealing with this reduction of real income in the US, governments are quick to point out that consumers can escape regressive gasoline taxes by using public transportation whenever possible.
On a totally different level, meaning that gas taxes are not specifically geared to raising government revenues, there is the concept that these taxes are leveled at reducing certain negative externalities.
In such a case the gasoline tax is called a Pigovian tax. This changes the talking points to justify the sales tax on gasoline. Generally speaking, most consumers have no idea what a Pigovian tax or what negative externalities mean.
In the real world, this is often exactly what a government is trying to do. Even the term of "Pigovian" sounds unpleasant. Economists and politicians avoid the use of name of this tax and what negative externalities mean.
The negatives of driving are associated with the following problems:
A. Congestion- The bumper to bumper traffic jams are partially solved by reducing the number of vehicles on the roads. This causes delays and often aggravation for drivers.
B. Accidents- Vehicle road accidents cause death and injuries, and cause car insurance rates to rise. Many drivers purchase "sport utility" vehicles to avoid injuries from accidents. The higher and larger vehicles provide a degree of safety for their owners and help driving in bad weather such as snow and ice. In the US, the National Highway Safety Administration has done studies that show that drivers of regular cars are five times more likely to die in a crash with a sports utility vehicle. The taxes on gasoline is an indirect way of "balancing out" this situation in that these gas guzzling vehicles are expensive to fill up ar the gas station.
C. Pollution- This was alluded to earlier when speaking about traffic congestion. Clearly the results of these traffic jams increase carbon emissions which endanger the health of drivers and pedestrians. The fewer the number of cars on the road helps improve air quality by reducing pollution and helps the overall environment as well.
In conclusion, gasoline taxes, rather than creating so-called dead weight taxes, as most taxes are, become lessened by the Pigovian tax. This tax helps reduce the negative externalities of extra road traffic and air pollution. To see this more clearly, income taxes or tariffs on imported goods do not necessarily produce a solution to these negative externalities.
I got $18.00 for the change.
140 minus 20% = 80% of 140 = 0.8*140 = 112
Then 5% tax on top = 112 +5% of 112 = 105 % of 112 = 112* 105 / 100 =117.60
Why are the Stamp Act and Townshend Acts effects of Britain needing money?
It was an effect because they needed money to pay for the
french & indian war.
Who pays the liens on a sheriff's sale?
In a sheriff's sale, the responsibility for paying liens typically falls to the winning bidder who purchases the property. However, the specifics can vary based on state laws and the terms of the sale. Generally, any outstanding liens may need to be settled before the property is transferred to the new owner, but some liens might remain attached to the property, depending on their nature. It's essential for bidders to conduct thorough due diligence to understand any existing liens before participating in the sale.
If you live in new-jersey and buy a used car from a dealer in NY do you have to pay sales tax?
Yes, you still will have to pay sales tax on the vehicle in the state in which you bought it. There is no way to avoid sales tax.
Is remodel labor taxed in Missouri?
Repair labor, if separately stated, is not taxable. Fabrication or production labors are subject to sales tax, even when separately stated.
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What is the amount of sales tax collected in Hollywood Florida?
The sales tax in Hollywood, FL was 6.00% at the time of this post.
What sales tax rate do you use if you buy a car in Illinois and live in Wisconsin?
If you're buying a car out of state, you'll pay sales tax when you register the car in your home state. Most dealers can handle registrations in other states, too.
In most instances you pay tax and license in the state where you reside.
