There are
still local sales taxes, which range from 0 % to 7.5 %, as well as property taxes.
Not exact matches
Meanwhile, households would
still be liable for state and
local sales taxes, which currently average 6.5 percent.
If you didn't save all your receipts, you can
still choose to claim state and
local sales taxes.
Amazon now collects
sales tax in every state that has one, but a report finds that the company
still doesn't collect
local taxes in dozens of cities.
So if we assume a 9 % California
sales tax on an inclusive basis (to match the 25 % VAT), that
still leaves 6 % to pay
local income
taxes.
Republican lawmakers
still have not reached an agreement on a bill that would allow counties to increase
local sales and use
taxes to pay road repairs and maintenance.
Customers will
still have to pay the
sales tax for the tablet, which should be between $ 5 to $ 15, depending on your
local tax rate.
That's
still pretty good value and, of course, ebooks from Amazon currently escape the 12.5 % (soon to be 15 %)
sales tax levied here, a tough reality for
local booksellers who must charge it.
Taxpayers who are
still able to itemize deductions will only be able to deduct up to a limit of $ 10,000 of combined state and
local income
taxes and property
taxes (or
sales tax) paid.
Some other
tax issues for this year that are
still up for grabs include: deducting state and
local sales taxes instead of state income
taxes, the classroom teacher deduction of $ 250, allowing senior citizens to transfer IRS funds to charity
tax free, the tuition and fees deduction for college expenses, and a whole host of business related
tax incentives.
However, you can
still choose to deduct state and
local sales taxes instead of state and
local income
taxes.»