Taxpayer asks:
I live and bought a car in NJ for $30,000 and paid $2,100 in sales tax. After two years sold the car to a neighbor for $20,000. When he transferred the title he had to pay $1,400 in sales tax. Is this double taxation?
Taxgirl says:
I’m afraid not but it is understandable why you’d think […]
Taxpayer asks:
Hi Tax Girl!
Maybe you will find this interesting..
Just bought a car off of ebay motors. The car is in a different
state. The person I am purchasing the car from does not have a
physical presence in my state of any kind. And the entire transaction
has been completed over the internet. (i.e. […]
The semester before I left for law school, my best friend, Bren, and I packed our stuff into my old Buick Regal (the former family car), affectionately named “Bessie” because she looked like a cow. We were on a mission to examine East Coast law schools that were still on my short list. […]
Greetings from the UK! Yep, hubby and I packed up and headed across the pond to Jolly ol’ England for a few days of rest and relaxation (as well as a hint of business).
I won’t regale you with the saga of what’s really happening here (lots of sick travelers, present company included, ridiculously fickle […]
Your tourist souvenirs in the Windy City just got a little more expensive. As of November 2008, Chicago will become the most expensive city in the United States for paying sales tax.
Cook County voted to double the county sales tax to 1.75% putting Chicago’s total sales tax bite at a whopping 10.25%. That […]
I promised to post a bit more about sales tax - and maybe even throw in a little Fair Tax info to boot - later in the year. Before I get to it, I’d like to know:
What is your sales tax rate and where are you located?
Tags: sales-taxShare This
Every year about this time, I get a lot of questions about deducting sales tax paid versus state and local income tax paid on your federal income taxes. Mostly, this comes up because your pockets are stuffed with receipts and you’re wondering whether you should keep them.
First, the important part: this option has […]
I’m such a sucker for Milky Ways - especially the Milky Way Midnight (note to readers contemplating holiday gifts…). And Iowa has brought to the forefront an issue that I’ve been claiming for years: all candy bars are not created equal.
Iowa has stirred up some serious candy tax controversy with its definitions of […]
When Iowa tax officials were looking for ways to increase revenue, they figured they would strike right at the heart of massive tax fraud: tax evasion on the sale of pumpkins.
Maybe that’s a bit overstated. But there is a new policy in Iowa this year to tax pumpkins. The decision came after […]
As of Saturday, New York City shoppers got a break: they no longer have to pay city sales tax on clothes and shoes.
Mayor Bloomberg proposed sales tax relief in June and it went into effect on September 1 - just in time for the Labor Day shopping weekend. The measure eliminates […]
tax news, tax info and tax policy - and it’s not as boring as you think!
Written by Kelly Phillips Erb [email] for b5media.
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