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LSDefine

Simple English definitions for legal terms

use tax

Read a random definition: costs de incremento

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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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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