Impact of sales taxes
|
04-26-2010, 04:28 PM,
(This post was last modified: 08-24-2010, 10:46 AM by mandy.)
Post: #1
|
|||
|
|||
Impact of sales taxes
Sales taxes can be applied to tangible goods like food (in some states), clothing, cars, furniture, household items, and other goods. By comparison, the sales tax does not generally apply to landscaping services, attorney fees, private school tuition, stocks and bonds, real estate investments, and other purchases more typically made by higher-income families.
A seller has to charge sales tax if it has 'nexus' where it is located. Nexus, or physical presence, is established if a business maintains a temporary or permanent presence of people (employees, service people or independent sales/service agents) or property (inventory, offices, warehouses) in a given locality. There is no over-arching definition of nexus, so each taxing locality may define it differently - and many do, leading to endless problems for businesses which have operations in multiple states. [spam link removed] |
|||
« Next Oldest | Next Newest »
|
Users browsing this thread: 1 Guest(s)