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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 on a camper from a private party in Minnesota?
The sales tax on a camper from a private party in the state of Minnesota will depend upon how much the camper is being purchased for. In 2013, the sales tax rate is 6.875%.
What is the sales tax in Cleveland Ohio?
7.75% when this was posted. 'Sources and related links' below has the current rate.
Tax fraud is illegal and the action described would fit into that category. The IRS is very aggressive and very good at prosecuting persons who are foolish enough to attempt to defraud the U.S. government. Penalties for knowingly and willfully filing a false tax return and/or accompanying documents can be $100,000 fine and 1 year imprisonment in a federal facility for each guilty count.
Can you file bankruptcy on lost business sales tax?
First - ALL of your assets, of all types, MUST be disclosed and reported in BK, and ALL of your liabilities/debts must be too. No exceptions, no picking and choosing. The court will then order each of them in priority according to the laws, some things may be exempt from use or discharge (like your personal furntiure and retirement accounts are exempt and child support cannot be discharged) - and the rest may be used. With one to pay the other. Debts secured by an asset (say a car) have first call or right to the money received from that asset. If it isn't enough to pay the debt, the remainder becomes a general or unsecured claim against the BK. Not disclosing all items is frequently easily discovered, in which case - as you are swearing under oath to the court you included all info - your case is dismissed, and regularly, fraud charges are pursued. (Courts don't take to being lied to well).
NOW - Sales tax collections in a business are NOT YOUR money. They are the money of the State that you collect and hold in TRUST for them. There is no Corporate protection to officers for this (withholding being another biggie), nor can the amount owed be discharged in BK. So, while you must list them, they will NOT be discharged and (Incorp or not), you will have to pay the full amount owed - which of course will be determined after the State audirt, which one can exp[ect to be particularly nasty. My experience with this is, that States are serious about getting hese funds, and shortly after filing BK they will start to pursue them...even stopping by your home "looking" at assets they can claim. (In fact, they did that to the CEO of one of the Cos I went through BK with, not even recognizing that the last payments we made before filing was to all the Governments for things like sales tax. withholding,, etc...all the trust funds...on a well forecasted basis).
Is it illegal to sell donated food?
It will depend on the purpose of the sale and the type of food. There are health code that has to be met. And in most cases, if it is legally allowable to sell the food for health reasons, as long as the money is being used for the charity it was donated to, it is normally not a problem. Otherwise it could be fraud.
How do you add a 7.75 sales tax to a price of an item that costs 123.50?
multiply 123.5 by 1.0775 and come up with $133.07
Under the Service Tax Act of 1994 who should pay the tax - the landlord or the tenant?
Please explain what your really asking....tax on what? Where?
And if the subject provisions of the 1994 act has been modified, say under any of the many other acts that follow every year....don't you care?
Yes
Cst rate for selling capital goods in tamilnadu without C form?
sales goods from tamilnadu to karnatakka without c form cst rates
Why do states charge sales tax?
States charge sales tax because the state government needs to make money, and taxation is the only way to make money for the state.
I'm not sure about sales tax but you will need to get it assessed and most likely have to pay property tax.
Can you add sales tax to labor in New jersey?
Yes. Labor charges, such as for repairs, are subject to sales tax in NJ.
Why doesn't Delaware charge sales tax?
Delaware does not have a sales tax because it wants to attract retail tenants to its shopping centers to lure consumers from surrounding states and grow the overall economy to improve its tax base. Consumers from other states travel to Delaware to make purchases, which results in a larger retail sector and overall economy for Delaware.
A sales tax is also a regressive tax which disproportionately taxes poor people, which is not good economic policy.
Delaware has more entities formed there than people. Those corporations, even if not located in Delaware, must pay a fee to Delaware every year and at the time of formation. When stock is lost in companies formed in Delaware, the value of that stock escheats to Delaware. In total, the incorporation industry in Delaware accounts for about 40% of the state's tax revenue. This allows it to fund its budget without a sales tax.
Delaware also has a very short stretch of interstate highways which charge very large tolls per mile. These tolls fund much of the state's highway budget and most of the money comes from drivers out of state, just passing through.
Delaware also has a "gross receipts tax" which is a "back-door sales tax" charged to the business of 1-2% of their total income.
What is the sales tax in woodward Oklahoma?
Oklahoma State 4.500%
Woodward County 0.900%
Woodward 4.000%
Total 9.400%
What is the Arkansas sales tax?
The State Sales Tax is six percent except on groceries where it is three percent however there are also local taxes which vary widely.
What is the sales tax in Littleton Colorado 80128?
I heard its 4% as of 2013 but dont know if thats true
What is the sales tax for web design in minnesota?
Web page development is not taxable. The service provider must pay sales or use tax on items purchased to produce the web page, such as photography, software packages, graphics, sound, or video.
http://www.revenue.state.mn.us/businesses/sut/factsheets/FS134.pdf
What is the sales tax for Tenn?
The state sales tax rate in Tennessee is 7%. The local sales tax rates can be as high as 2.75%. Therefore currently the maximum sales tax rate is 9.75%. The sales tax amount on $5,000 is $487.50 at 9.75% and $350 at 7%.
What is the usury rate in Texas?
TEXAS, the legal rate of interest is 6%. Interest does not begin until 30 days after an account was due. The judgment rate of interest is 18% or the rate in the contract, whichever is less. There are a number of specific ceilings for different types of loans. the federal government passed a special law which allowed national banks (the ones that have the word "national" or the term "N.A." in their name, and savings banks that are federally chartered) to ignore state usury limits and pegged the rate of interest at a certain number of points above the federal reserve discount rate. In addition, specially chartered organizations like small loan companies and installment plan sellers (like car financing companies) have their own rules.
