Purchase Tax


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Purchase Tax

A proposed tax on a purchase, rather than on a sale. That is, the purchaser of a good, rather than the seller, is obligated to pay the tax. In practice, there is little difference between a purchase tax and a sales tax because sellers usually pass on the tax to purchasers in the form of a higher price. A purchase tax has been suggested as an alternative to the income tax in the United States.
References in periodicals archive ?
These are strategies for getting tax liens at the maximum interest rate - without having the rate bid down at the tax sale, and ways to purchase tax deeds without having to attend the tax sale.
In those days, cars were subject to purchase tax (similar to VAT) but commercial vehicles were not.
To prevent a housing bubble from forming, the government is planning to increase the purchase tax on investment apartments, classified as the acquisition of a second or third apartment.
com/products/) latest report shows that in the year 2011, it is influenced by canceling the purchase tax and the policy of auto replacement.
KBW said it expects that strong housing affordability, and a modest economic recovery will be offset by a still-high level of foreclosures and the expiration of the $8,000 home purchase tax credit at the end of April 2010.
In return, the government says annual road taxes and purchase tax for new cars will be abolished - reducing the cost of a new car by 25 per cent, the Dutch transport ministry said.
The Chinese government announced that it will be reducing the vehicle purchase tax to half on small cars in January 2009.
During the month of April, when the ruling coalition appeared poised to bring back the auto purchase tax rate to the higher rate effective May 1, consumers move forward the timing of auto purchases, the association said.
Because the interest earned by investors who purchase tax bonds is generally excluded from federal income taxes, the federal revenue losses amount to billions of dollars annually.
Profit by Investing in Real Estate Tax Liens covers how to purchase tax liens or deeds on the Internet, the difference between tax liens and deeds, a walkthrough of the bidding process at tax sales, the requirements of tax liens and tax deeds as well as how they differ from state to state, how to protect oneself against the most threatening risks, and much more.
DRIVERS are angry at plans to slap a purchase tax on new cars bought from showrooms.