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LSDefine

Simple English definitions for legal terms

use tax

Read a random definition: unencumbered

A quick definition of use tax:

Use tax: When you buy something from another state and they don't charge you sales tax, you might have to pay a use tax instead. This is like a tax for using something you bought from out of state. Most states have a use tax, but not many people actually pay it. Businesses have to be more careful and report their purchases, and individuals might get in trouble if they don't pay taxes on big things like cars.

A more thorough explanation:

Use tax is a type of tax that people and businesses have to pay when they buy something from another state that did not have sales tax applied. Most purchases have sales taxes included, but sometimes people buy things from out of state and don't pay sales tax. In those cases, they have to pay use tax instead.

For example, if you buy something online from a retailer in another state and they don't charge you sales tax, you will have to pay use tax on that purchase. Use tax rates are the same as sales tax rates and usually have the same exceptions, like not applying to groceries.

Most states have use tax laws, but they are not always enforced. Businesses have to report their covered purchases on their tax returns, but individuals may not always pay the tax. However, individuals may be audited for not paying taxes on larger purchases outside the state, like vehicles.

Overall, use tax is a way for states to make sure they are collecting taxes on purchases made by their residents, even if those purchases are made outside of the state.

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TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
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hey yall
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we’re like cool and sexy and fun I get it
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true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
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i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
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Dkk
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what.jpg @Dkk
CynicalOops
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