Posts Tagged ‘sales tax’

State

Get Ready For The Tax Fireworks On Friday

 

Beginning on Friday it will cost more to purchase clothing and shoes when the sales tax exemption for those items under $50 goes bye bye. If you think you’ll save money by making your own clothes, that will also cost you more as those items were previously exempt but will now be subject to the 6.35% sales tax.  Also taxed will be consignment store purchases, yoga classes, spa services and pet grooming. It’s enough to drive you to drink. Forgetaboutit! That’ll cost ya more too.  For more of Gov. Malloys arranging the chairs on the Titantic read ctnow:

 

Planning to buy new summer clothes or footwear? Getting a manicure or pedicure? Taking ayoga class? Getting Rover groomed? Stocking up on your favorite libation?

You might want to do it before Friday.

To help balance the budget, lawmakers have increased the state sales tax, levied taxes on items formerly exempt and raised taxes on a range of goods and services. more

State

Drunken Sailor Politician Spenders Vs Consumers

cga.ct.gov

Here we go again. Politicians who can’t control their spending habits are on the warpath again trying to collect sales tax on online purchases out of state.

Do you have a ‘physical nexus’? Read Full
The confusion boils down to who does the collecting and when. As with everything involving tax legislation, there are exceptions and other complications from state to state. For example, if you live in Delaware, Montana, New Hampshire or Oregon, which have no sales taxes, none of this applies.

Under a 1992 Supreme Court ruling, businesses are responsible for collecting sales taxes on every sale they make in a state where they have a “physical nexus.” In other words, if the business has a store, an office or even a single sales rep in your state, it’s supposed to tack the state’s sales tax onto your bill.

Online retailers like Amazon.com typically don’t add the tax, except in the states where they’re based or where they have physical facilities like warehouses or distribution centers. Amazon, for example, collects sales taxes only in Washington (its home state), Kansas, Kentucky, North Dakota and New York.

The tax is still supposed to be paid, however. And if the seller’s not responsible, then you, the buyer, are. In general, you’re supposed to voluntarily file your own report and pay the standard tax on your out-of-state online purchases. (The appropriate forms are available on state tax agency websites, revenue officials are happy to remind you.)

The reason consumers go out of state to buy is because they can get products cheaper in other states than they can in their own. In the business world it’s called competition. Competition benefits the consumers first and the state coffers second, because the more purchases consumers make in state, the more revenue stays here. But the politicians don’t seem to grasp why consumers are shopping for goods and services out of state. That’s the problem! Instead of going after the people who are looking to save a buck, why don’t they address the reason why they are resorting to out of state purchases? No, they feel it’s more productive to go after the VOTERS! and seek the revenue to make up for the shortcommings and irresponsibilities of the politicians who can’t control spending. Hey Hartford, doesn’t it make sense to keep the buying climate attractive enough not only to keep the residents here buying, but attracting out of staters to do likewise?

State

Is A Sales Tax Increase In The Cards?

dailycapitalist.com

The next Governor of the State of Connecticut may face the issue of increasing the sales tax from its current rate of 6%. The controversial debate has raised its ugly head in the wake of the projected $3.4 billion deficit, as a means to raise revenue. An article in the Ct Mirror read more


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