right bunnifer.
thanks neil
we were young poor and broke with little opportunity to purchase out of state last we were living there.... but we are planning to move back next year so this info is good to know!!!! (now I can''t claim ignorance haha)
it might not make you exempt, but if you are say here on the oregon/washington border.... if I purchase something from blue nile I don''t pay sales tax on it... but if I walk over the bridge (assuming seattle and not vancouver was across the bridge lo) and into the store, I would pay washington sales tax. Now.... there is also some sort of exemption that you can prove you''re an oregon res and not pay in washington - I think there''s some kind of deal like that because I hear car dealerships all the time saying - oregon residents no sales tax. I wonder if it applies if I was in seattle and bought a BN diamond straight from them....
i think that is probably a sales pitch and not a law. we pay sales tax here in my state but there are advertisers on all the time saying ''pay no sales tax''. of course you are still charged the sales tax (you have to be by law) but that amount is ''discounted'' from your final purchase.
Actually, tax rates at the federal level are set by Congress and have little to do with the number of tax evaders caught and more to do with budgets, revenues and expenditures, and politics--not necessarily in that order! I wouldn''t worry too much about your "rates" going down because of IRS audit work.Date: 2/5/2007 11:14:00 PM
Author: kenny
One other thing I''ll add.
I have a friend who works for the IRS.
She says they are getting smarter about finding tax evaders.
They now use programs that look for this very type of post to find people who avoid tax.
BTW, they CAN find you based on what you post; you are not as anonymous as you think.
Privacy from the government, especially in the post 9-11 Bush era, is a fallacy.
If the IRS does this I imagine the states can too.
If you are going to evade tax I''d not admit it on a public forum.
Actually, come to think about it, yes, go ahead and admit tax evasion on public forums.
The more the evaders are caught and prosecuted the more the tax rates can go down for the honest people.
It is like insurance fraud, it drives up the premiums for the rest of us.
Pyramid I called the Inland Revenue people about duty and vat and they quoted me 2.5% import and 17.5% for VAT. Have you already bought your ring or is the 22.5% an estimate?Date: 2/6/2007 7:01:39 AM
Author: Pyramid
I know it is a completely different thing I will be doing importing but I think you are lucky. I will have to pay 17.5% VAT and Customs Duty of 5% on top of a vendors price and it is still cheaper than buying in the UK although I could not even get an ideal cut diamond over here of the same standard as those the vendors here sell.
I was really relieved when I rang the IR as someone had told me it was 30%!! I agree its a lot more than they have to pay in the US but, as you said, you can''t get anything of good enough quality here. I am happy to pay the taxes as I am still saving a lot buying from WF.Date: 2/6/2007 7:23:01 AM
Author: Pyramid
Maisiebelle
No I haven''t bought yet, but that will be right, I am quoting from memory, I remember hearing once 5% but also remember hearing 2.5% and believe now I did find out it was 2.5%, ofcourse the Inland Revenue know for certain. Still a lot more than they have to pay in the USA though.I can understand though for a student who wrote this thread $500 is quite a lot of money.
In Colorado, the department of revenue here collects sales tax for the state, most of the counties, most of the cities, bus districts, school districts and pretty much every other agency in the state with a sales/use tax. There are hundreds of agencies with overlapping borders and differing rules on what is taxable and what is not at a particular address. They seem to be pretty good at keeping this all straight and the money submitted to Denver by the merchants statewide still ends up in the coffers of the correct agency. I suspect the other state taxmen have similar skills. Given the amount of money at stake, it doesn’t seem at all unlikely that the various states could arrange to cooperate in this. Even if you include the non-state regions like DC and Guam there are fewer than 60 agencies who collectively stand to gain billions of dollars in uncollected revenue. As has been pointed out, there are a few of these that don’t impose this particular tax so the number that would need work together is actually a little less than this.
My observation is that every state I’ve wanted to look up posts their rules and forms online for all to see. Most even try to make them easy to read because there’s so much public misunderstanding on this issue. Obviously this is a much better source of information than an internet advice forum or a vendor’s website, even if it produces an unpopular answer. Google ‘use tax’ or ‘sales tax’ and your own state revenue department’s name. A FAQ about this usually pops up as the first or second response.
It looks to me like Texas sales tax is the issue.
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