Sales taxes in the United States

things involving the Internet, online sales tax is still a grey area. Although legislation is currently up for consideration, there is no current federal law requiring online sales taxes in the nation. However, some states have taken their own initiative and created local statutes due to the extra revenue that online sales taxes bring in. Some online retailers oppose these taxes, as they…

Taxes Research (Missouri Sales Tax) Understanding the Impact: On a daily basis, the government knocks and regulates different services that include protection, electricity, health care, keeping and water. The government, on a fundamental level, plays a role in how and when trash is disposed. Taxation is also a control of the government that determines the amount of money citizen are allowed to keep as well as how much citizens must pay. This directly impacts the amount of money citizens have…

WASHINGTON STATE TO OREGON STATE Introduction Tax policy is one strategy that states have to increase their competitiveness. From the 50 states nationwide, only five states do not impose sales tax or have a 0% sales tax rate; they are Alaska, Delaware, Montana, New Hampshire and Oregon. Without sales tax, people can buy in these five states without spending extra money on tax and they can have extra ‘money’ for saving or spending on other goods. Compared to some other states, they mostly charge…

I am going to write about taxes and how they relate to mine and everyone else’s life in a different way. The government can put tax on anything and everything and it affects everyone in the world. It effects everyone because they put taxes on everything we use and need in life. We pay this tax on almost everything we use daily like clothing, electronic equipment, electricity, gas, cars and some foods. There are all different kinds of taxes sales, income, property and many others that effect the…

Many states are considering imposing regulations to collect internet sales tax within their respective states, except Alabama, who is currently collecting internet sales taxes. Businesses are arguing that if they don’t have a physical presence or store within the state, then it is unfair to collect internet sales tax. The U.S Supreme Court has decided that internet companies can sell goods without collecting a sales tax as long as they have no physical location in that state. New York, Rhode…

The citizens of the United States have always had debate on taxes and how to manage the national budget, and how any of those things would affect the economy. When this nation was founded, it was made clear that the taxes put upon them by Great Britain were not fair in the eyes of the citizens, for two main reasons. The first was that the taxes were too high, this was because everything was taxed, including legal documents, so you could never avoid paying a tax on anything. The second was that…

being hardware sales. Its second largest stream of income is “Services,” and other smaller programs it offers. This is how Apple makes money. Global tax laws indicate that tac should be paid where the product or service is bought. For example, if Apple sells an iPhone in Ireland, it pays Irish taxes. However, Apple avoids these taxes by dedicating resources to finding loopholes in tax laws and employing those strategies to evade taxes and maximize its profits. Like mentioned before, Apple makes…

operate under the same President, which is controversially a good leader. While this is true, both cities in the United States have different stories regarding unemployment rate. Starting with Chicago, a source presents an unemployment rate of 8.4 percent, which is above average in the country at 6.3 percent. Moving to Seattle, people can see a different story. The unemployment in this successful city is 4.0 percent, making it below the average rate in the United States, and more than four…

approaches and how they differ from each other. The worldwide approach of taxes is where the domestic country of a company taxes the company on it’s overall income including income that was earned through foreign business transactions. The United States uses a worldwide approach taxing all US companies on all income earned. “The primary problem is that this does not address the income earned by foreign firms operating within the United States” (Moffett, Stonehill, & Eiteman, 2015, p. 355). The…

2011 & 2012:Evidence that supports such loopholes in U.S. tax codes is proven by the fact that out of $35 billion in sales revenue reported from 2011-2012, Apple was able to avoid paying taxes on 36% of its total revenue from foreign base companies. This information was released based on an investigation by the United States Committee on Homeland Security and Government Affairs. The investigation refers to a hearing regarding “Offshore Profit Shifting and U.S. Tax Codes” that explains how some…