Yeah...also, if you go to your local grocery store you'd be surprised how often the cashier gets distracted while the cash register is open. Grab a few bills and you can upgrade! Just keep mum.
Do you list ALL your internet purchases on your tax form?
by law - anything you buy out of state, under a different tax code, online, tax free or whatever - if your state has sales tax you are supposed to claim the home state tax amount you would have paid on those items had you bought them locally.
in vermont lots of people go to tax free new hampshire to buy things. by law you are supposed to claim the vermont sales tax on the total of those out of state purchases - there is a section on the state tax form where this can be filled in...
While you're certainly correct in this statement (it's indeed a "sales and use tax" and you are indeed required by law to report the purchase and pay the tax) I can't help but wonder how many people actually DO that when they order stuff on the internet from out of state and no tax is charged to them?
There is a separate section on the State of Michigan 1040 where you have to report out-of-state purchases on which you did not pay the 6% "Sales and Use Tax".
In previous years, there was a checkbox that basically said "I'm too lazy to find all the receipts, just charge me a flat rate based on how much my income was last year" (example: if your AGI was $50,000, you paid $23). That was usually a good way to go, especially if you bought a lot of stuff mail-order, and you stayed legal (if you got audited, they couldn't come after you for tax evasion).
But for the 2004 tax year, they changed the rules on marking the "flat rate" checkbox and added the clause that "if you bought anything over $1000, you must itemize". So I had to cough up the "use tax" on my 1D Mark II.
Yeah...also, if you go to your local grocery store you'd be surprised how often the cashier gets distracted while the cash register is open. Grab a few bills and you can upgrade! Just keep mum.
Do you list ALL your internet purchases on your tax form?
Anything that is purchased across the border automatically gets tax applied to it when it comes into Canada (even used items!)...so the work is already done for me!
Say I live as a student in Delaware (yeah I do) which is a state that doesn't have sales tax. If I buy something, as a PA resident, do I have to claim that even though I live in delaware 3/4 of the year? I don't know much about taxes, this is only the 2nd year i've had to even file.
than they should owe you money considering you wouldnt have had to pay tax in delaware :)
Originally posted by kyebosh:
Say I live as a student in Delaware (yeah I do) which is a state that doesn't have sales tax. If I buy something, as a PA resident, do I have to claim that even though I live in delaware 3/4 of the year? I don't know much about taxes, this is only the 2nd year i've had to even file.
Anything that is purchased across the border automatically gets tax applied to it when it comes into Canada (even used items!)...so the work is already done for me!
Yeah, I know. Someone from Canada bought something from me on Ebay once and it was a pain in the @ss. Ended up shipping it to a friend of his in Detroit. I now state I won't ship outside of the US on my auctions, thank Canada for that :).
Would you though, if it wasn't done for you? I don't think many people do.
Anything that is purchased across the border automatically gets tax applied to it when it comes into Canada (even used items!)...so the work is already done for me!
Would you though, if it wasn't done for you? I don't think many people do.
I can't speak for anyone else, but I can assure you that I declare every single item when I cross the border and pay any taxes due.
Perhaps this stems from the fact that I am familiar with the rules regarding making a false declaration to a Customs Official, and the hefty price one has to pay for being forthright.
Better for me to pay the 15% tax than face the possibility of losing the item and paying a fine.
Isn't there a limit? I can bring less than 300$ worth of gifts through customs without duties.. I can't buy something for personal use and bring it across state lines?
Man, how can you complain about that sort of measly tax? Buying shiny kit in the UK is like 25% more expensive because of our tax than it is in america.
Man, how can you complain about that sort of measly tax? Buying shiny kit in the UK is like 25% more expensive because of our tax than it is in america.
But if you drop it on your foot, you won't go into bankruptcy paying the hospital bill.
Man, how can you complain about that sort of measly tax? Buying shiny kit in the UK is like 25% more expensive because of our tax than it is in america.
But if you drop it on your foot, you won't go into bankruptcy paying the hospital bill.
HAHAHAHAHA.................It is so funny cause it is true.
Man, how can you complain about that sort of measly tax? Buying shiny kit in the UK is like 25% more expensive because of our tax than it is in america.
But if you drop it on your foot, you won't go into bankruptcy paying the hospital bill.
Maybe, but in America we arent subjected to National Health, so there is a chance to get your foot fixed properly and timely
