Home Sales Tax

Sales Tax

Sales Tax

Sales Tax

Types of Transactions Subjected to Sales Tax:
There are several types of transitions that are subjected to the general sales tax. However, each tax jurisdiction makes specific and unique determinations as to the manner in which sales taxes are imposed. The regular sales tax is applied to purchases, as a percentage of the cost of an item. Merchandise purchases online may not be subjected to a sales tax at the point of purchase, if the company does not have a physical presence in the state where the item is being shipped. 
However, the consumer is still required to pay the tax directly to their state. That tax burden however, only applies if the type of merchandise is normally taxed in that state. Each state taxes differing merchandise and imposes taxes at a different percentage of the sale price. In addition to the state sales tax, there are local sales taxes imposed in certain circumstances. Each local state tax must adhere to state and Federal tax restrictions. 

Special Sales (Excise) Tax:

Special sales taxes are imposed as an excise tax on specific items. Included in those types of taxes are special sales taxes on cigarettes, alcohol and fuel.
Characteristics of Special Sales Tax:
There are several types of  sales tax and there are also special sales taxes imposed on certain items. Those items are those that can cause harm to those consuming them, or to those exposed to them. For example, the cigarette excise tax is imposed because cigarettes harm smokers, as well as those exposed to the second hand smoke. The cigarette excise tax is used as a means to discourage purchase of cigarettes. 
However, many people claim that the tax only discourages those with lower incomes, from purchasing cigarettes. Regardless, the revenue from the special excise taxes imposed on certain items, is generally used for public education campaigns. Those educational campaigns help to educate the public about the dangers associated with consumption of certain products. 
In addition, the tax revenue is often used to help fund programs that help people quit, or to fund programs that treat the medical issues associated with smoking. The same is true for the excise tax on alcohol. That tax revenue is often used to help people in recovery programs, as well as campaigns to stop drunk driving.
Authorization and Administration:
Taxes in the United States continue to be a point of contention. Many United States citizens argue that, as a nation, we are overtaxed. There have been many arguments against taxation as it stands now. Due to the bad economy, many Americans are struggling to make payments and purchase basic necessities. For that reason, some have recommended a decrease in certain types of taxes. In fact, there are many arguments that support the idea of lowered taxes, to increase individual savings. 
Later, those savings will include increased personal spending, and an increase in tax revenue.  Conversely, there is an argument that taxes are a necessity, in order to aid the government in running a smooth operation. In fact, many arguments claim that lowering taxes would cause immense harm to an economy that is already suffering. In any case, Congressdue processFederal courts.

Special Sales Taxes You Should Know

Special Sales Taxes You Should Know

There are several types of excise taxes and several of those are considered special sales taxes. Special taxes are imposed on items as a “sin” tax. In essence, these taxes are imposed on items that cause harm to the consumers health and sometimes to the health of those around them. For example, a person that consumer alcohol excessively, will likely have health problems that result from their drinking. 
In addition, the person may chose to drive, or be in a position of responsibility while under the influence of alcohol, which could have disastrous results. For this reason, excise taxes are imposed to cover the cost of such negative consequences. The tax revenue may also be used for educational campaigns to discourage detrimental behavior. Most importantly, it is believed that the excise tax discourages the purchase of such items, or the excessive purchase of such items.
Cigarette taxes are imposed as an excise tax. Cigarettes taxes can be imposed on three levels. The federal cigarette tax is around one dollar a pack and could increase in the immediate future. 
State cigarette taxes range from several cents to five dollars a pack. In addition, local governments may also levy an additional excise tax on cigarettes sold in that jurisdiction. Citizens that travel to other states to purchase cheaper cigarettes, will be subject to the use taxMotor Fuel Tax:
The motor fuel tax is imposed on gasoline and the rate of tax varies greatly from state to state. That excise tax can be as much as half of the price the consumer pays for a gallon of gasoline. The tax may be imposed by the federal, state and local tax jurisdictions. 
The taxes are usually applied to gasoline and diesel, as they are utilized for transportation. Items like heating oil, may be taxed differently. The gasoline fuel tax is often considered to be income elasticincome inelastic.Tax on Alcohol:Authorization and Administration:
Taxes in the United States continue to be a point of contention. Many United States citizens argue that, as a nation, we are overtaxed. There have been many arguments against taxation as it stands now. Due to the bad economy, many Americans are struggling to make payments and purchase basic necessities. For that reason, some have recommended a decrease in certain types of taxes. In fact, there are many arguments that support the idea of lowered taxes, to increase individual savings. 
Later, those savings will include increased personal spending, and an increase in tax revenue.  Conversely, there is an argument that taxes are a necessity, in order to aid the government in running a smooth operation. In fact, many arguments claim that lowering taxes would cause immense harm to an economy that is already suffering. In any case, Congressdue processFederal courts 

The Taxing of Provided Services

The Taxing of Provided ServicesIn some states, there is a
state sales tax
CongressCommerce Clause


CPA Federal Tax Return Status Income Tax Tax Deductions Tax ID Number Tax Preparation Tax Refund Tax Return Tax Software

Oregon Income Tax Forms