Sales Tax

Excise tax can affect both the buyer and the seller. It affects the buyer in that it makes the goods more expensive for him. It can affect the seller in four ways. First, the buyer might use less of his product because it became more expensive. Second, the buyer might find another source of the same product that does not have the excise tax added on and may switch to that product. Third, the buyer might find a substitute product. And fourth, it can cause such resentment against the government that the seller becomes an bystander who loses. The fourth thing happened in the United States in 1773. England put a tax on tea. The people of the future United States rejected tea and started drinking Brazilian coffee instead. Visits to the old colonial homes display the coffee grinders.

I believe that fee, if you have to pay it, would be included in the taxes and fees you pay at the DMV when you re-register the car under your (the buyer's) name. I have not heard of a use tax, but I know you do have to pay a certain percentage of what your purchasing price was in taxes to the state of CA, in addition to the regular registration fee that is normally paid.

I hope that was slightly helpful.

They will probebly send a letter

So you can earn money, and get a that car you wanted.

$1500.00 used car

75.00 sales tax

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$1575.00 total paid

The sales tax is around 98% per penny , so otherwords for every penny you must pay $400000.

Illinois State 6.250%

Lake County 0.750%

Total 7.000%

The current total local sales tax rate in Randolph County, NC is 7.000%.

The current total local sales tax rate in Queens County, NY is 8.875%.

No, you do not pay sales tax on labor. Sales tax is for materials.

8.7% is shown on my Costco receipt from January 2011.

These generally sell for about a dollar.

Washington has a 6.5% statewide sales tax.

Sales tax is applied at the point of sale when you make your purchase. They have nothing to do with a loss that occurs at a later time. So if you never paid those sales taxes then you would still owe them.

For example you buy an item and are required to pay the sales tax at the point of sale, Six months later the item is lost or stolen. Your sales tax was already assesed and collected so it has no bearing on your loss nor on your claim and you can not collect the taxes back from your insurer in a claim.

Good try Insur - but the problem is the one asking is - well ignorant and throwing terms around trying to sound not as much so!

Sales Tax is part of the capitialized cost of the item or in some States (and financing options) applied on each payment. In either case it is not "owed", having been paid at purchase by the company one is leasing the item from, or applied to lease payments - which would discontinue at time of loss.

In no case does the any amount owed change or have any influence on the value of what ever it is that is "a loss". The amount lost is the amount of value of the item totaled - whether you paid, what is to be paid makes no difference...just like to the next buyer it would make no difference.

What you owe can make a difference to the amount of equity, gain or loss you end up with. That is the amount of basis you have, or the amount above or below the amount you still owe or paid. So if you owed the tax, like if you owed any amount you borrowed, before the loss, you owe it after...the proceeds of the insurance (or the amount you have to pay off) does not change because you now don't have the item.

7.5

The current total local sales tax rate in Albuquerque, NM is 7.313%. The December 2015 total local sales tax rate was 7.187%.

I purchased a car in Kansas and transported it to my home state of California. Kansas waived their sales tax and California charged me sales tax when the car was titled and licensed. I would expect a similar scenario between North Carolina and Virginia.

The current total local sales tax rate in Richmond County, GA is 8.0%

Convert the percent to a decimal by dividing it by 100. Then multiply that result by the cost of the item(s).

If you purchased the car from a dealer, the dealer is REQUIRED by state law to collect the sales tax amount.

If you purchased from an individual, the only you have to pay your sales tax is to pay it at the title office, which is most cases, is separate from the BMV.

Hope this helps!!

I think that the going rate for one of those is only around three dollars depending on how bad someone wants it.

Texas auto sales tax is currently at 8.25 percent for every 1.00 United States Dollar spent in any given sales transaction in the state of Texas for products with applicable tax fees.

If you live and register the car in Illinois then you will pay the Illinois car dealer for the sales tax.

If you live in a different state than where you bought the car the dealer might collect the sales tax if the two states have a cooperative agreement. If the states do not have an agreement you will pay the sales tax when your register the car.

To find sales tax, simply multiply the total price of the item by the sales tax percent- for example, if your tax rate was 7% and you wanted to buy a 30 dollar game, you would multiply 30 by .07 to get 2.1. You would add 2.1 on to the 30 dollars and get a total price of $32.10.

Firewood used for home heating is exempt from sales tax. However, if it is sold as camp firewood, you must collect the sales tax.