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  #3  
Old 05-20-2008, 12:00 AM
Dick Watson
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Default Re: Sales Tax

As a first order approximation to answer THAT question, you could take all
of the spending from relevant categories and back into how much would have
been sales tax. Try last year's to find out if it begins to be worth the
headache it will be to collect this--regardless of how Money does or doesn't
make it easy, you are still talking lots of small numbers here.

"R. Ian Lee" <RIanLee[at]discussions.microsoft.com> wrote in message
news:1BEB6E06-763C-4BD4-801D-9FBA0E484BD9[at]microsoft.com...
- quote -

> Well, that's the $1M question... Until I can get a measure of what I'm
> actually paying, I'll never know. I hope that we're not spending more
> than
> the table suggests, but we do a lot of spending. That's the sort of stuff
> Money should be able to tell me.



  #2  
Old 05-19-2008, 01:17 PM
R. Ian Lee
Guest
 
Posts: n/a
Default Re: Sales Tax

Well, that's the $1M question... Until I can get a measure of what I'm
actually paying, I'll never know. I hope that we're not spending more than
the table suggests, but we do a lot of spending. That's the sort of stuff
Money should be able to tell me.

"Michael J. Blazin" wrote:

- quote -

> Do you pay that much tax that the IRS table understates your tax paid? My
> experience in TX is that the table is pretty generous unless you make a very
> large purchase. In those cases, you just use add in the purchase specifics
> to the table values.
> "R. Ian Lee" <RIanLee[at]discussions.microsoft.com> wrote in message
> news:B935B01C-5A2F-4B5C-AC85-3016BE69D7DF[at]microsoft.com...
> > I live in a state that does not have an income tax, but instead has a sales
> > tax. Since we can deduct the sales tax on our income tax return, I would
> > like to be able to easily track the sales tax portion of every purchase.
> > Unfortunately, it seems that in Money the only way to do this is by
> > splitting
> > a transaction. This more than doubles the time necessary to enter a
> > transaction and thus makes it not worth doing. I would love it if Money
> > would put a sales tax input option on the main entry form. Even better
> > would
> > be if they would allow us to build custom entry forms based on both who
> > the
> > transaction is going to and on a global/generic basis.
> > > Anyone else out there found an easy way to track sales tax?

  #1  
Old 05-17-2008, 12:23 AM
Michael J. Blazin
Guest
 
Posts: n/a
Default Re: Sales Tax

Do you pay that much tax that the IRS table understates your tax paid? My
experience in TX is that the table is pretty generous unless you make a very
large purchase. In those cases, you just use add in the purchase specifics
to the table values.

"R. Ian Lee" <RIanLee[at]discussions.microsoft.com> wrote in message
news:B935B01C-5A2F-4B5C-AC85-3016BE69D7DF[at]microsoft.com...
- quote -

> I live in a state that does not have an income tax, but instead has a sales
> tax. Since we can deduct the sales tax on our income tax return, I would
> like to be able to easily track the sales tax portion of every purchase.
> Unfortunately, it seems that in Money the only way to do this is by
> splitting
> a transaction. This more than doubles the time necessary to enter a
> transaction and thus makes it not worth doing. I would love it if Money
> would put a sales tax input option on the main entry form. Even better
> would
> be if they would allow us to build custom entry forms based on both who
> the
> transaction is going to and on a global/generic basis.
> Anyone else out there found an easy way to track sales tax?



 
Old 05-13-2008, 02:25 PM
Dick Watson
Guest
 
Posts: n/a
Default RE: Sales Tax

Splits are about the only way to track them as you go along.

You could also pull out relevant categories at the end of the year from a
all transaction, all accounts, previous year query in MoneyLink, say, and use
Excel to back into an amount for sales tax.

"R. Ian Lee" wrote:

- quote -

> I live in a state that does not have an income tax, but instead has a sales
> tax. Since we can deduct the sales tax on our income tax return, I would
> like to be able to easily track the sales tax portion of every purchase.
> Unfortunately, it seems that in Money the only way to do this is by splitting
> a transaction. This more than doubles the time necessary to enter a
> transaction and thus makes it not worth doing. I would love it if Money
> would put a sales tax input option on the main entry form. Even better would
> be if they would allow us to build custom entry forms based on both who the
> transaction is going to and on a global/generic basis.
> Anyone else out there found an easy way to track sales tax?

  #-1  
Old 05-13-2008, 12:59 PM
R. Ian Lee
Guest
 
Posts: n/a
Default Sales Tax

I live in a state that does not have an income tax, but instead has a sales
tax. Since we can deduct the sales tax on our income tax return, I would
like to be able to easily track the sales tax portion of every purchase.
Unfortunately, it seems that in Money the only way to do this is by splitting
a transaction. This more than doubles the time necessary to enter a
transaction and thus makes it not worth doing. I would love it if Money
would put a sales tax input option on the main entry form. Even better would
be if they would allow us to build custom entry forms based on both who the
transaction is going to and on a global/generic basis.

Anyone else out there found an easy way to track sales tax?
 

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