Unfair Taxation

[chequita guevara]

Originally posted by PLATO
The table that you have to use to calculate your deduction way underestimates the amount of sales tax you actually pay.

I don't know about that. I actually kept track (using MS Money) of my sales taxes last year (well, for at least half the year). (I stopped when I discovered that I couldn't deduct sales taxes, only to find out later that I could. )The sales tax table was about twice what I estimated I paid in sales taxes, and that includes a big ticket item (the wife's wedding ring). A big chunk of our income goes to things we don't spend sales tax on: rent/mortgage, food, utilities, gasoline, etc.

BTW, anyone know what the statute of limitation on unpaid income taxes is?

[KrazyHorse]

You don't pay sales tax on gasoline? Unlikely. More likely is that gas stations are simply required to include that tax along with all the other taxes in the posted price.

[chequita guevara]

Originally posted by KrazyHorse
You don't pay sales tax on gasoline? Unlikely. More likely is that gas stations are simply required to include that tax along with all the other taxes in the posted price.

I think we just pay gas taxes, which are quite high.

[DinoDoc]

I thought this thread was going to be about profit.

[Imran Siddiqui]

If there is a sales tax on gas, they sure don't tell us about it, making it fairly difficult to deduct .

[Harry Tuttle]

Originally posted by KrazyHorse


I have a way to figure it out. Reverse receipts. Send in how much you pay in rent (sales tax exempt), non-junk food groceries (ditto), medical care, tuition etc (all the sales tax exemptions). Call this A. Then send in your bank balance at the beginning of the year and the end of the year. B and C respectively. Then send in your income (D).

D - C + B - A is how much you spent on taxable goods and services. Multiply by your state's sales tax to get E, the amount you spent in sales tax during the year.

I REEEEEEAAAAAALLLLLYYYYYY doubt the IRS would accept that explanation.

[Lefty Scaevola]

It would be much simpler to eliminate the itemized federal deduction for state and local taxs, and in return raise the zero bracket amount and reduce tax rates a little bit.

[Dis]

commies talking about unfair taxation.

[Dis]

Re: Unfair Taxation

Originally posted by chegitz guevara
I discovered an instance of unfair taxation. The Federal tax codes were changed last year to allow people who live in states that don't have income taxes to deduct their sales tax. How is that fair to those of you who pay state income taxes?

If Florida doesn't tax me on my income, I get to keep that money (except for the portion that the Fed's take). Why should the Fed's then go ahead and give me an additional bonus? Now, not only do I get to keep the money that wasn't taxed, unlike those of you who are taxed, I get to declare the sales taxes I paid, while you don't, and you still had to pay sales taxes.

This isn't fair to the rest of you. Either you should be able to declare your sales taxes also, or we shouldn't be able to. Not that it benefited me, since I don't have enough itemized deductions for it to have made a difference.

most states without an income tax have high sales tax. My state is one example.

this is why. case closed.

[Provost Harrison]

Shhhh, keep it quiet, you don't want people getting upset over this

[Imran Siddiqui]

most states without an income tax have high sales tax.

What about states with high incomes tax and high sales tax?

[Dis]

Originally posted by Imran Siddiqui

most states without an income tax have high sales tax.

What about states with high incomes tax and high sales tax?

probably the states with the most social programs. So they are benefitting from better social programs, better education, and less crime.

You can't expect to live in the best states, and not have to pay something.

[Imran Siddiqui]

probably the states with the most social programs. So they are benefitting from better social programs, better education, and less crime.

You can't expect to live in the best states, and not have to pay something.

So why can't they take their sales tax off their federal tax? That doesn't answer the question, it just avoids it, Diss .

[Dis]

Originally posted by Imran Siddiqui

probably the states with the most social programs. So they are benefitting from better social programs, better education, and less crime.

You can't expect to live in the best states, and not have to pay something.

So why can't they take their sales tax off their federal tax? That doesn't answer the question, it just avoids it, Diss .

I gave my answer.

they don't deserve it. Their added benefit comes from living in good states.

Would you rather live in my state with the highest smoking rate, the highest suicide, rate, the worst schools, the higest teen dropout rate, high crime rates, etc. etc.

[Imran Siddiqui]

they don't deserve it. Their added benefit comes from living in good states.

And who decides who are the 'good' states and thus should get taxed more? You aren't making an argument, you just want others to pay more in taxes than you .

Would you rather live in my state with the highest smoking rate, the highest suicide, rate, the worst schools, the higest teen dropout rate, high crime rates, etc. etc.

Would you rather live in Newark or Harlem or Camden or Compton?