sale tax in WOODACRE sale tax WOODACRE

sale tax in WOODACRE

sale tax WOODACRE

sale tax in WOODACRE.The excise tax is placed on specified commodities and may be at specific rates or on an ad valorem basis.
During the nineteenth century several states adopted tax levies resembling sales taxes.
The sales tax in its modern form was first adopted by west virginia in a gross sales tax in 1921.
During the 1930s, many states adopted the sales tax in its various forms as a replacement for the general property tax that had been their chief source of income.
The adoption of sales taxation slowed somewhat during the 1940s, but became more popular after world war ii.
At the end of 1971, fortyfive states and the district of columbia levied a sales tax in some form.
A of the sales tax is the use tax.
This is a charge levied on items bought in a state other than the state of residence of the purchaser for the privilege of using the item in the state of residence.
The rate structure is the same as that of the sales tax.
Automotive vehicles are the most significant item in the yield of use taxes.
The rate structure used in the general sales tax is proportional; that is, the rate is constant as the base increases.
For ease of administration and determination of the tax due, systems have been adopted by nearly all states.
The rates in use in the mid1970s varied from 2 percent to a high of 7 percent; 4 percent was the most common rate.
A combination of state and local rates may exceed 7 percent.
A selective sales tax applying to a single commodity may have much higher rates.
At the time of initial adoption of many of the sales taxes in the 1930s, tokens were used for the collection of the tax on small sales where the tax was less than one.
Ohio used stamps to show that the tax had been collected.
Nearly all these systems have been abandoned in favor of collection of the tax in fullcent increments.
Several forms of sales taxes have been used abroad.
The valueadded tax has been extensively used in europe and has been adopted by the european economic community nations as a major revenue source with the goal of uniform rates within each member nation.
During the 1950s and early 1960s, michigan used a business receipts tax that was an adaptation of the valueadded tax.
Specific sales taxes on selected commodities have long been used by the states.
Selective sales taxes were used in the colonial period, with liquor the most frequently taxed commodity.
Gasoline was selectively taxed by oregon in 1919.
The disadvantage of specific sales taxes is that they do not produce the revenues a general sales tax does.
During world war ii a national sales tax was proposed, but no action was taken by congress.
The proposal has been revived periodically, but changes in personal and corporate income taxes have been preferred over a national sales tax.
When the necessities of food and clothing are excluded from the salestax base, the regressive effect is reduced.
The impact of sales taxes is on the , for in nearly all cases he makes the payment to the state.
In fact, the laws of some states require forward shifting of the tax to the consumer.
In the late twentieth century, sales taxes became a preferred method of paying for publicly funded sports stadiums and arenas.
A growing chorus of critics has argued that the use of sales taxes to finance professional sports facilities is to corporate welfare.
Nevertheless, sales taxes remain a popular way for state legislatures to avoid raising income tax rates, which usually alienate voters more than sales taxes do.
Sales taxation: state and local structure and administration.
Fiscal administration: analysis and applications for the public sector.