Every year the assessors office "tax" equipment and supplies purchased by a company. What is the tax for? Where is it used? How it is differentiated with sales tax? Why pay this kind of tax when we already paid sales tax when we purchased an item?
2007-02-28 09:08:45 · 5 answers · asked by Just my thoughts 1 in Business & Finance ➔ Taxes ➔ United States
It's personal property tax. You only pay the tax on the stuff on hand on the assessment date. That should be a hint!
2007-02-28 10:21:48 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Sales Tax is assessed by the state on the "purchase" of personal property, whereas,
the tax on equipment, or "tangible tax" is a local tax which is assessed for the "use"
of personal property.
2007-02-28 09:27:09 · answer #2 · answered by bold4bs 4 · 0⤊ 0⤋
You dont really own any property you are just leasing it from goverment so you gotta pay taxes on it for upkeep , the goverment would taxe air you breathe if they thought they could get away with it
2007-02-28 09:18:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
By that argument, what's sales tax for when we already pay income tax?
The government needs the money. If you don't like it, well, tough luck I guess.
2007-02-28 13:08:18 · answer #4 · answered by Quixotic 3 · 0⤊ 0⤋
Just another of the creative ways a governmet can rip someone off.
2007-02-28 09:15:40 · answer #5 · answered by Anonymous · 1⤊ 1⤋