Sales Tax
Sales taxes are generally charged on each purchase, with no low income exemption. Additionally, lower income tax units generally spend a greater proportion of income on taxable purchases, while higher income units will save or invest a larger part of income. Therefore, sales taxes are generally regressive, and have a negative Suits index.
Read more about this topic: Suits Index, Types of Tax
Other articles related to "sales tax, tax, sale, sales":
... Businesses can reduce the impact of sales tax for themselves and their customers by planning for the tax consequences of all activities ... Sales tax avoidance often includes the following Designing invoices to reduce the taxable portion of a sale transaction ... In Maryland, for example, a delivery charge is exempt from the tax when stated separately from handling and other taxable charges ...
... the services provided to people with developmental disabilities and to implement the sales tax increase ... These costs cannot be paid from the new sales tax money, but a portion will be paid with funding from the federal government ... The new sales tax money is expected to pay for some of these costs, with the remainder funded by the federal government ...
... Sales taxes are generally charged on each purchase, with no low income exemption ... Additionally, lower income tax units generally spend a greater proportion of income on taxable purchases, while higher income units will save or invest a larger part of income ... Therefore, sales taxes are generally regressive, and have a negative Suits index ...
... the proceeds of San Francisco's the first local sales tax for transportation, which began in 1990 and was passed by voters in 1989 as Proposition B ... SFCTA became the administrator of the Proposition K sales tax for transportation approved in November 2003, which substituted the original 1989 tax ... The 2003 Proposition K is a USD 0.005 local transportation sales tax program ...
... A sales tax audit is the examination of a company’s financial documents by a government's tax agency to verify if the proper amount of sales tax has been ...
Famous quotes containing the words tax and/or sales:
“The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
—Ronald Reagan (b. 1911)
“The elephant, not only the largest but the most intelligent of animals, provides us with an excellent example. It is faithful and tenderly loving to the female of its choice, mating only every third year and then for no more than five days, and so secretly as never to be seen, until, on the sixth day, it appears and goes at once to wash its whole body in the river, unwilling to return to the herd until thus purified. Such good and modest habits are an example to husband and wife.”
—St. Francis De Sales (1567–1622)