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  #9  
Old 08-21-2005, 01:48 AM
miamicuse
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Default Re: Double Taxation?

"**THE-RFI-EMI-GUY**" <rhyolite[at]nettally.com> wrote:

- quote -

> I go to the CVS drug store and buy a $30 item. Clerk adds
> 6.5% FL state sales tax and issues an in store rebate for
> $10. Two weeks later I use rebate coupon and get charged
> 6.5% on top of my purchases. Is this correct?


triple. you had to earn more than $30 to get to spend
that $30.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #8  
Old 08-17-2005, 04:12 PM
Harlan Lunsford
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Default Re: Double Taxation?

Seth Breidbart wrote:

- quote -

> Suppose instead of a $10 coupon, they gave me a coupon good
> for a free tube of toothpaste (that happens to cost $10
> normally). Would it then be taxable?


Yes. Sales tax is based on the 10$. And you pay it on the spot.

- quote -

> What if the coupon is a free "any item whose price isn't
> above $10"?


Yes. Sales tax based on actual selling price. Ditto ; pay it

- quote -

> What if it's "$10 off any item whose price is above $10"?

Ah.. the kicker. In this case sales tax is charged on
actual selling price I think. the 10$ off acts as
reduction of selling price. At least that's the way I would
interpret it.

Sales tax laws sometimes seem more complicated than income
tax laws, if that is possible. All sorts of exemptions and
inclusions. Any of my retail clients might call me any day
to ask such a question relating to either Alabama or Georgia
sales tax.

ChEAr$,
Harlan

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #7  
Old 08-17-2005, 04:12 PM
Phil Marti
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Default Re: Double Taxation?

"Seth Breidbart" <sethb[at]panix.com> wrote:

- quote -

> Suppose instead of a $10 coupon, they gave me a coupon good
> for a free tube of toothpaste (that happens to cost $10
> normally). Would it then be taxable?
> What if the coupon is a free "any item whose price isn't
> above $10"?
> What if it's "$10 off any item whose price is above $10"?


Anyplace I've ever lived you'd owe sales tax on the gross
retail price of the merchandise you bought, regardless of
how you paid for it.

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #6  
Old 08-17-2005, 01:18 AM
Seth Breidbart
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Default Re: Double Taxation?

- quote -

> > I go to the CVS drug store and buy a $30 item. Clerk adds
> > 6.5% FL state sales tax and issues an in store rebate for
> > $10. Two weeks later I use rebate coupon and get charged
> > 6.5% on top of my purchases. Is this correct?


> Yes.
> they may call it a "rebate", but it is actually a
> kickback.... uh... make that "spiff" of sorts and does not
> act to reduce your cost, hence Florida wants sales tax on
> the 30$.
> Now you have the 10$ coupon. When you spend it, for
> anything, whether for same product or toothpaste, that is a
> separate sale as far as Floridy is concerned.


Suppose instead of a $10 coupon, they gave me a coupon good
for a free tube of toothpaste (that happens to cost $10
normally). Would it then be taxable?

What if the coupon is a free "any item whose price isn't
above $10"?

What if it's "$10 off any item whose price is above $10"?

Seth

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #5  
Old 08-07-2005, 04:38 AM
Harlan Lunsford
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Default Re: Double Taxation?

**THE-RFI-EMI-GUY** wrote:

- quote -

> I go to the CVS drug store and buy a $30 item. Clerk adds
> 6.5% FL state sales tax and issues an in store rebate for
> $10. Two weeks later I use rebate coupon and get charged
> 6.5% on top of my purchases. Is this correct?


Yes.

they may call it a "rebate", but it is actually a
kickback.... uh... make that "spiff" of sorts and does not
act to reduce your cost, hence Florida wants sales tax on
the 30$.

Now you have the 10$ coupon. When you spend it, for
anything, whether for same product or toothpaste, that is a
separate sale as far as Floridy is concerned.

ChEAr$,
Harlan Lunsford, EA n LA

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #4  
Old 08-02-2005, 03:34 PM
Frank S. Duke, Jr.
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Posts: n/a
Default Re: Double Taxation?

**THE-RFI-EMI-GUY** at rhyolite[at]nettally.com wrote:

- quote -

> I go to the CVS drug store and buy a $30 item. Clerk adds
> 6.5% FL state sales tax and issues an in store rebate for
> $10. Two weeks later I use rebate coupon and get charged
> 6.5% on top of my purchases. Is this correct?


As far as FL is concerned you bought taxable goods. They
don't care how you paid for them.

All freely provided advice guarantee correct or double your
money back

Frank S. Duke, Jr. CPA
Cincinnati, OH USA

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #3  
Old 08-02-2005, 03:34 PM
Paul A Thomas
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Default Re: Double Taxation?

"**THE-RFI-EMI-GUY**" <rhyolite[at]nettally.com> wrote

- quote -

> I go to the CVS drug store and buy a $30 item. Clerk adds
> 6.5% FL state sales tax and issues an in store rebate for
> $10. Two weeks later I use rebate coupon and get charged
> 6.5% on top of my purchases. Is this correct?


Two separate sales. The sales tax applies to each
transaction separately.

--
Paul A. Thomas, CPA
Athens, Georgia
taxman at negia.net

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #2  
Old 08-02-2005, 03:14 PM
Herb Smith
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Posts: n/a
Default Re: Double Taxation?

**THE-RFI-EMI-GUY** wrote:

- quote -

> I go to the CVS drug store and buy a $30 item. Clerk adds
> 6.5% FL state sales tax and issues an in store rebate for
> $10. Two weeks later I use rebate coupon and get charged
> 6.5% on top of my purchases. Is this correct?


Absolutely. Seems crazy, but why can't the store just reduce
the price of the first item to $20, and forget the rebate
BS? Reason? A lot of people never send for the rebate or
don't use the coupons! Of course, the state tax office
ALWAYS gets their cut.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #1  
Old 08-02-2005, 03:14 PM
Phil Marti
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Posts: n/a
Default Re: Double Taxation?

"**THE-RFI-EMI-GUY**" <rhyolite[at]nettally.com> wrote:

- quote -

> I go to the CVS drug store and buy a $30 item. Clerk adds
> 6.5% FL state sales tax and issues an in store rebate for
> $10. Two weeks later I use rebate coupon and get charged
> 6.5% on top of my purchases. Is this correct?


Probably. I don't know Florida sales tax law, but
everywhere I've ever lived sales tax is applied to the total
purchase, with coupons being applied after.

Your subject line indicates you're seeing this as double
taxation of $10. I see it as single taxation of $40 worth
of goods.

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
 
Old 08-02-2005, 03:14 PM
Missy
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Posts: n/a
Default Re: Double Taxation?

Probably, most of these type of rebates or refunds say (in
the fine print) that you are responsible for any sales tax
that may be due.

Missy Doyle

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 08-01-2005, 02:43 AM
**THE-RFI-EMI-GUY**
Guest
 
Posts: n/a
Default Double Taxation?

I go to the CVS drug store and buy a $30 item. Clerk adds
6.5% FL state sales tax and issues an in store rebate for
$10. Two weeks later I use rebate coupon and get charged
6.5% on top of my purchases. Is this correct?

--
Joe Leikhim K4SAT
"The RFI-EMI-GUY"

The Lost Deep Thoughts By: Jack Handey
Before a mad scientist goes mad, there's probably a time
when he's only partially mad. And this is the time when
he's going to throw his best parties.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
 

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