Posts tagged as:

sales-tax

Ask the taxgirl: Sales Tax Deduction & Leases

28 February 2010

Taxpayer asks:
hi can you dedcuct the sales tax paid if you leased a new car in june of 2009?
Taxgirl says:
Nope, sorry. If you’re referring to the new car sales tax deduction, leases are specifically excluded.
However, if you itemize your taxes, you might still be able to claim sales taxes paid as a deduction [...]

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Rendell Takes Cues from the Super Bowl

26 February 2010

To start the second half of the Super Bowl, with the Colts comfortably ahead of the Saints, Coach Sean Payton called for an onside kick. For those of you who don’t follow football, let me tell you: it’s a remarkably gutsy move. It’s a way to get the ball back early, provided that [...]

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SC Offers Unique Black Friday Opp: Tax Free Guns!

24 November 2009

It’s nearly time to go shopping! On Friday, retailers will offer bargains on all kinds of holiday gifts just in time for the season.
South Carolina is going one better: a sales tax holiday on Black Friday. For guns. And here I was planning on a plain ol’ Stig on a Rope.
Yes, [...]

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Phillies v. Van Gogh: Culture Goes to War in Philadelphia

5 October 2009

Philadelphia is a town known for its scrappy sports teams and its passionate fans. We’ve collectively cheered our world champion Phillies and wrung our hands over last minute Eagles’ losses. We’ve booed the drafting of Donovan McNabb, cheered Brad Lidge, mourned our beloved Harry Kalas and thrown snowballs at Santa. We’ve stood [...]

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Hey Congress, Why Don’t You…? Replace Income Tax with Sales Tax

4 September 2009

William Gifford, MBA, writes:
Congress should eliminate the current system altogether. Throw out the federal income tax because it’s too broken to be fixed.
In it’s place, I think we should pass something like the VAT in Europe: a federal sales tax. Think about it. Rather than penalize people for making more money, [...]

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Ask the taxgirl: Tax Consequences of CARS

29 August 2009

Taxpayer asks:
I heard on the radio that we will have to pay taxes on the money from the Cars for Clunkers. If so, I am really mad because nobody said we had to pay taxes on it. Is this true?
Taxgirl says:
A number of web sites and um, what’s the word, liars opportunists political [...]

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School’s Out for Summer

30 July 2009

I know, I know… It’s still summertime. But retailers are counting on the fact that parents are already thinking about school for fall. My newspapers and inboxes have been stuffed to the gills already with “back to school” ads and specials.
In a tough economic climate, retailers are hoping for every extra incentive [...]

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Ask the taxgirl: New Car Sales Tax Deduction

16 June 2009

Taxpayer asks:
hi taxgirl , i have a question, i bought a 2009 nissan on january 17 2009,do i qualify for the sales tax deduction?

Taxgirl says:
Don’t hate me but no. The law says that the new car must be purchased after February 16, 2009 and before January 1, 2010, to qualify for the deduction.
But [...]

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Ask the taxgirl: Sales Tax Classification

26 May 2009

Taxpayer asks:
In your articles about the states, you keep saying that sales tax is regressive. But since everybody is paying the same percent, doesn’t that make it a flat tax which means it’s not regressive? I’m confused.
Taxgirl says:
Good question!
Most sales taxes are flat rate taxes in that the same percentage is levied on [...]

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Hurricane Season Starts Soon, As Do Sales Tax Holidays

24 May 2009

The beginning of summer often means cookouts, trips to the shore and camping. For many (including my parents), it also means the beginning of hurricane season.
Hurricane season begins June 1 and lasts through the end of October. Thankfully, NOAA (National Oceanic and Atmospheric Administration) forecasters predict a nearly normal Atlantic hurricane season for [...]

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