Category: Sales tax usa wiki

The United States federal excise tax on gasoline is On average, as of April [update]state and local taxes and fees add The first US state tax on fuel was introduced on February 25, in Oregon. Byan average tax of 3. In the years since being created, state fuel taxes have undergone many revisions. The table below includes state and local taxes and fees.

The American Petroleum Institute uses a weighted average of local taxes by population of each municipality to come up with an average tax for the entire state. Similarly, the national average is weighted by volume of fuel sold in each state. Because many of the states with the highest taxes also have higher populations, more states have below average taxes than above average taxes. Most states exempt gasoline from general sales taxes. However, several states do collect full or partial sales tax in addition to the excise tax.

Sales tax is not reflected in the rates below. Sincethe US federal gasoline tax has been Unlike most other goods in the US, the price displayed includes all taxes, as opposed to inclusion at the point of purchase. Total inflation from until was 68 percent. Some policy advisors believe that an increased tax is needed to fund and sustain the country's transportation infrastructure.

As infrastructure construction costs have grown and vehicles have become more fuel efficient, the purchasing power of fixed-rate gas taxes has declined. Critics of gas tax increases argue that much of the gas tax revenue is diverted to other government programs and debt servicing unrelated to transportation infrastructure.

Some believe that an increased cost of fuel would also encourage less consumption and reduce America's dependence on foreign oil. However, due to increased domestic output fracking of shale and other energy resource discoveries as well as rapidly increasing production efficiencies, since this has already significantly reduced and expected to continue to fall. The airport terminal doesn't need to be a secured airport terminal for this rate to apply.

However, the refueler truck, tanker, or tank wagon must meet the requirements discussed under certain refueler trucks, tankers, and tank wagons, treated as terminals, later. From Wikipedia, the free encyclopedia.

American Petroleum Institute.

Sales taxes in the United States

April 1, Dictionary of Oregon History. December 12, July Institute on Taxation Economic Policy.

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February 5, Retrieved December 24, Illinois Policy. Retrieved April 21, Because of Pandemic's Impact". New York Times. Retrieved October 19, Salt Lake Tribune. Retrieved April 22, September 23, Sales taxes in the United States are taxes placed on the sale or lease of goods and services in the United States. Sales tax is governed at the state level and no national general sales tax exists.

States may grant local governments the authority to impose additional general or selective sales taxes. Including county and city sales taxes, the highest total sales tax is in Arab, Alabama Sales tax is calculated by multiplying the purchase price by the applicable tax rate.

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The seller collects it at the time of the sale. Use tax is self-assessed by a buyer who has not paid sales tax on a taxable purchase. Unlike the value added taxa sales tax is imposed only at the retail level. In cases where items are sold at retail more than once, such as used cars, the sales tax can be charged on the same item indefinitely.

Glossario significato e sinonimi

The definitions of retail sales and taxable items vary among the states. Nearly all jurisdictions provide numerous categories of goods and services that are exempt from sales tax, or taxed at reduced rates.

sales tax usa wiki

The purchase of goods for further manufacture or for resale is uniformly exempt from sales tax. Most jurisdictions exempt food sold in grocery stores, prescription medications, and many agricultural supplies. Sales taxes, including those imposed by local governments, are generally administered at the state level.

States imposing sales tax either impose the tax on retail sellers, such as with Transaction Privilege Tax in Arizona, [3] or impose it on retail buyers and require sellers to collect it. In either case, the seller files returns and remits the tax to the state.

sales tax usa wiki

In states where the tax is on the seller, it is customary for the seller to demand reimbursement from the buyer. Procedural rules vary widely.

Sellers generally must collect tax from in-state purchasers unless the purchaser provides an exemption certificate.

Most states allow or require electronic remittance. Sales taxes are imposed only on taxable transfers of goods or services. The tax is computed as the tax rate times the taxable transaction value.

Rates vary by state, and by locality within a state. The tax may be imposed on sales to consumers and to businesses. Transfers of tangible personal property for cash or the promise to pay cash sales are often subject to sales tax, with exceptions.

All states provide some exemptions from sales tax for wholesale sales, that is, sales for resale. Purchases of gift cards are not subject to sales tax in all states. These purchases are considered to be similar to exchange of cash. The sales tax will be charged when gift cards are used as a method of payment for taxable goods or services. There was a proposal in New York State to impose a sales tax when a gift card is purchased instead of imposing it when the card is used, but it failed.The United States of America has separate federalstateand local governments with taxes imposed at each of these levels.

Taxes are levied on income, payroll, property, sales, capital gainsdividends, imports, estates and gifts, as well as various fees.

Intaxes collected by federal, state, and municipal governments amounted to Taxes fall much more heavily on labor income than on capital income. Divergent taxes and subsidies for different forms of income and spending can also constitute a form of indirect taxation of some activities over others.

For example, individual spending on higher education can be said to be "taxed" at a high rate, compared to other forms of personal expenditure which are formally recognized as investments. Taxes are imposed on net income of individuals and corporations by the federal, most state, and some local governments.

Citizens and residents are taxed on worldwide income and allowed a credit for foreign taxes. Income subject to tax is determined under tax accounting rules, not financial accounting principles, and includes almost all income from whatever source. Most business expenses reduce taxable income, though limits apply to a few expenses. Individuals are permitted to reduce taxable income by personal allowances and certain non-business expenses, including home mortgage interest, state and local taxes, charitable contributions, and medical and certain other expenses incurred above certain percentages of income.

State rules for determining taxable income often differ from federal rules. The United States is one of two countries in the world that taxes its non-resident citizens on worldwide income, in the same manner and rates as residents; the other is Eritrea. The U. Supreme Court upheld the constitutionality of imposition of such a tax in the case of Cook v. Payroll taxes are imposed by the federal and all state governments.

These include Social Security and Medicare taxes imposed on both employers and employees, at a combined rate of Employers must withhold income taxes on wages. An unemployment tax and certain other levies apply to employers.

Payroll taxes have dramatically increased as a share of federal revenue since the s, while corporate income taxes have fallen as a share of revenue. Corporate profits have not fallen as a share of GDP. Property taxes are imposed by most local governments and many special purpose authorities based on the fair market value of property.

School and other authorities are often separately governed, and impose separate taxes. Property tax is generally imposed only on realty, though some jurisdictions tax some forms of business property. Property tax rules and rates vary widely with annual median rates ranging from 0. Sales taxes are imposed by most states and some localities on the price at retail sale of many goods and some services.

Sales tax is collected by the seller at the time of sale, or remitted as use tax by buyers of taxable items who did not pay sales tax. The United States imposes tariffs or customs duties on the import of many types of goods from many jurisdictions. These tariffs or duties must be paid before the goods can be legally imported. Estate and gift taxes are imposed by the federal and some state governments on the transfer of property inheritance, by will, or by lifetime donation.

Similar to federal income taxes, federal estate and gift taxes are imposed on worldwide property of citizens and residents and allow a credit for foreign taxes. Each imposes taxes to fully or partly fund its operations. These taxes may be imposed on the same income, property or activity, often without offset of one tax against another.A use tax is a type of tax levied in the United States by numerous state governments.

It is essentially the same as a sales tax but is applied not where a product or service was sold but where a merchant bought a product or service and then converted it for its own use, without having paid tax when it was initially purchased.

Use taxes are functionally equivalent to sales taxes. They are typically levied upon the use, storage, enjoyment, or other consumption in the state of tangible personal property that has not been subjected to a sales tax. Use tax is assessed upon tangible personal property and taxable services purchased by a resident or entity doing business in the taxing state upon the use, storage, enjoyment or consumption of the good or service, regardless of origin of the purchase.

Use taxes are designed to discourage the purchase of products that are not subject to the sales tax within a taxing jurisdiction. The use tax imposes a compensating tax equal in amount to the sales tax that would have been imposed on the sale of the property, if the sale had occurred within the state's taxing jurisdiction. However, there are some instances where the sales tax rate and the use tax rate vary.

For example, a resident of Massachusettswith a 6. If the same goods are purchased in a US state that does collect sales tax for such goods at time of purchase, whatever taxes were paid by the purchaser to that state can be deducted as a tax credit from the 6.

sales tax usa wiki

With few exceptions, no state's vendors will charge the native state's sales tax on goods shipped out of state, meaning all goods ordered from out-of-state are essentially free of sales tax. The purchaser is therefore required to declare and pay the use tax to his home state on these ordered goods.

The assessing jurisdiction may make the use tax payable annually, but some states require a monthly payment. There are currently over 14, tax jurisdictions in the U. Given the volume of jurisdictions, the source of the sale may also need to be examined, in order to appropriately apply and remit the tax. For instance, states may require use tax based upon the location in which the service was provided, while other states may require use tax based upon the location of "benefit".

In traditional repair and maintenance type services, these locations will typically be one and the same, however with complex technology transactions, these locations are often different. In most cases, this complexity is part of the underlying sales tax laws; but while a brick-and-mortar store has to deal with only the sales tax laws of its own location, remote sellers have to deal with the use tax laws of many jurisdictions—up to every US state and locality that assesses them, if the company has a presence or "nexus" in every state as large "brick-and-mortar" sellers like Wal-Mart and Best Buy do.

The use tax, like the sales tax, is assessed upon the end consumer of the tangible property or service, but the difference is who calculates the tax and how it is accounted for. The sales tax is collected by the seller, who is acting as an agent of the state and thus remits the tax to the state on behalf of the end consumer. On the other hand, the use tax is self-assessed and remitted by the end consumer. From an entity's perspective, the shift from sales to use tax is the equivalent of shifting from an expense account profit and loss statement implication to a liability account balance sheet implication.

To illustrate sales tax, if company XYZ, Inc. To illustrate use tax, if company XYZ, Inc. The U. The states themselves maintain that use tax collections are the second leading cause of tax deficiencies under audit. In22 states, [6] including New York, California, Ohio and Virginia have included an entry on their state individual income tax return for taxpayers to voluntarily calculate an amount for use tax liability.

Taxpayers, however, have been reluctant to pay taxes to the state.A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase.

Taxation in the United States

When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax. Often laws provide for the exemption of certain goods or services from sales and use tax, such as food, education, and medicines. A value-added tax VAT collected on goods and services is related to a sales tax. See Comparison with sales tax for key differences. Conventional or retail sales tax is levied on the sale of a good to its final end user and is charged every time that item is sold retail.

Sales to businesses that later resell the goods are not charged the tax. A purchaser who is not an end user is usually issued a " resale certificate " by the taxing authority and required to provide the certificate or its ID number to a seller at the point of purchase, along with a statement that the item is for resale.

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The tax is otherwise charged on each item sold to purchasers without such a certificate and who are under the jurisdiction of the taxing authority. Most countries in the world have sales taxes or value-added taxes at all or several of the national, state, county, or city government levels.

For Baton RougeLouisianathe tax is 9. In Californiasales taxes are made up of various state, county and city taxes. The state tax is "imposed upon all retailers" for the "privilege of selling tangible personal property at retail".

When consumers purchase goods from out-of-state in which case the seller owes no tax to California the consumer is required to pay a "use tax" identical to the sales tax. Use tax is levied upon the "storage, use, or other consumption in this state of tangible personal property". An exception is out-of-state purchase of automobiles. Then, use tax is collected by the state as part of registering the vehicle in California.

The trend has been for conventional sales taxes to be replaced by more broadly based value-added taxes.

What You NEED to Know About Sales Taxđź’¸ When Selling Online in 2020

The United States is now one of the few countries to retain conventional sales taxes. Economists at the Organisation for Economic Co-operation and Development studied the effects of various types of taxes on the economic growth of developed nations within the OECD and found that sales taxes are one of the least harmful taxes for growth.

Because the rate of a sales tax does not change based on a person's income or wealth, sales taxes are generally considered regressive. However, it has been suggested that any regressive effect of a sales tax could be mitigated, e.

A regressive tax is generally a tax that is applied uniformly. This means that it hits lower-income individuals harder".A tax sale is the forced sale of property usually real estate by a governmental entity for unpaid taxes by the property's owner.

The sale, depending on the jurisdiction, may be a tax deed sale whereby the actual property is sold or a tax lien sale whereby a lien on the property is sold Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if the lien is not redeemed, the lienholder may seek legal action which will result in the lienholder either automatically obtaining the property, or forcing a future tax deed sale of the property and possibly obtaining the property as a result.

The governmental entity can be any level of government that can assess and collect property taxes or other governmental debt, such as counties parishes, in the case of Louisianacities, townships in New England and other jurisdictionsand school districts in places where they are independent of other governmental jurisdictions, such as in Texas.

In most places in the US, a tax lien takes priority, eclipsing other liens such as mortgages. The requirements to begin the foreclosure process and to avoid it must be strictly followed; otherwise, the property owner will lose all rights to the property or the governmental entity will lose its right to collect the outstanding debt.

Common requirements include:. The amounts can end up being quite high once the process is well under way. Alternatively, the owner can file suit to have the sale set aside on grounds that the requirements were not followed such as proper notice not given. Two main methods are used to capture delinquent real property tax: the tax deed sale and the tax lien sale. Both methods operate using an auction method.

The title not the property is up for auction at a tax lien or deed sale, the property may or may not be salable. Traditionally, the auctions have been live events held at the county courthouse or another designated official location. However, online auctions have increased in usage.

Each county will advertise that no tax sale is risk-free since all title and certificates on property are sold 'as is' with no warranties, and no expectation of clear title. At the sale, the minimum bid is generally the amount of back taxes owed plus interest, as well as costs associated with selling the property. Often the purchaser making the highest bid for the property takes title.

However, the purchaser must follow each county's rules, which vary widely, and usually have a very short period generally 48—72 hours, or much less to pay the entire amount owed, or else the sale is invalidated and usually the auction deposit is lost. Depending on the jurisdiction, any amount in excess of the minimum bid may or may not be returned to the original property title owner, or the owner may forfeit rights to such excess amount if not claimed within a specified period.

Also, anyone having an interest in the property such as a governmental entity having weed liens on the property may, in some cases, claim the excess. Title is generally transferred in a tax deed sale through a form of limited warranty or quitclaim deed sometimes styled as Tax Deed or Sheriff's Deed.

In most jurisdictions, this type of deed is generally insufficient to acquire title insurance. However, title to the property can be sold from one purchaser to another using a limited warranty or another quitclaim deed, though usually at far less than its market value.

A tax deed sale may also be used in conjunction with a tax lien sale process, whereby the lienholder instead of a governmental agency starts the process toward forcing a public sale of the property. Although the possibility of obtaining property at rates far below market values is promising, there are several pitfalls which must be taken into account before investing:. In a tax lien sale, instead of selling the actual property, the governmental entity sells a lien on the property.

The lien is generally for the amount of delinquent taxes, accrued interest, and costs associated with the sale. In the event that more than one investor seeks the same lien, depending on state law the winner will be determined by one of five methods:.

Liens not sold at auction are considered "struck" sold to the jurisdiction conducting the auction. Some jurisdictions allow "over the counter" purchases of liens not sold at auction, subject to some liens being exempt from sale.

The investor must wait a specified period of time commonly referred to as the "redemption period" before taking action to foreclose on the property. If the lienholder does not pay such taxes, a subsequent lienholder would "buy out" redeem the prior lienholder's interest.All the guesthouses we stayed in were very very comfortable. Much better than we had expected and the owners were all lovely.

We always had a good home cooked breakfast and sometimes a dinner was provided at a cost of course. We were so glad we had chosen the "budget" accommodation to experience being in someone's home and meeting others staying there. Would highly recommend this type of accommodation. Found driving around Iceland quite easy. It is the only way to do it rather than be with a tour bus. The GPS helped a lot as did the general maps. The main map was excellent where our route was plotted out for us.

Just loved the whole experience. Each day seemed to be better than the previous such a beautiful country of contrasts. Put plenty of photos on Facebook and so many of our friends did not realise how amazing and picturesque Iceland is. The day tours were excellent, particularly the ones from Hofn, Isafjordur and Akureyri. We are really grateful to the guides on these tours for making them so interesting and special.

sales tax usa wiki

This vacation was our honeymoon. We had just got married in the states a few days prior to the start of our trip. We had the most incredible experience. Everything was just wonderful. Working with our travel agent, Maria, for months prior, could not have been a better experience.

She was so helpful, always quick to respond, answered all of my (many. My sister secretly reached out to her to choose a restaurant to treat us to dinner for the last night of our trip, and Maria's suggestion was perfect. I especially loved the folder we received upon arrival that included vouchers for each day. This was helpful to enter in the destination to the car's GPS to help us get around.

Not only did it suggest what to do each day, but it gave you a little history of each item. Since we were on our own most of the trip, these little blurbs of info gave me a nice bit of history, the perfect amount.

The section at the end that provided helpful tips on traveling, money, tipping, weather, packing, etc.