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Is a discount taxable

New Mexico edit New Mexico imposes a motivating retail employees through sales contests gross receipts tax of 5 on most retail sales or leasing of property or performance of services in New Mexico.
Wall Street Journal article, the IRS has not offered definitive legal or tax guidance on whether credit card rewards or rebates are subject to federal income tax.
Forty-five states and the District of Columbia currently impose sales taxes (see Table 1).
Cities and towns may implement an additional tourism tax on restaurant and hotel sales.
The statewide portion consists of two parts:.5 sales tax with receipts going to the state General Fund, and.375 tax going to arts and environmental projects.Retrieved 1 maint: Archived copy as title ( link ) "Summary Of Tax Responsibilities of West Virginia housekeep voucher code Residents" (PDF).No state imposes sales tax on all types of goods.Food, periodicals, 116 and prescription drugs are not taxed.61 Indian reservations in Arizona have their own sales taxes, and these are some of the highest sales tax rates in the United States."The 5 States With No Sales Tax".Retrieved 1 maint: Archived copy as title ( link ) "Archived copy" (PDF).Mississippi edit Mississippi has a 7 state sales tax.Retrieved "Legislative Information System".A.5 transfer tax is levied on real estate sales.Philadelphia County has a local sales tax of 2 on top of the PA sales tax rate that totals 8, which became effective October 8, 2009.

"Instructions for Form G-6 and Form G-6S" (PDF).
Collection, payment and tax returns edit Sales taxes are collected by vendors in most states.
Cigarettes are subject to.70/pack excise tax, in addition to sales tax.
It was 6 percent from.North Dakota edit North Dakota has a 5 state sales tax for general sales, but varies depending on the category (5, 7, 3 and 2).Some partially (but none fully) exempt groceries from the local tax by charging 1 less on non-restaurant food than on other items.5, sales taxes are imposed only on taxable transfers of goods or services.Retrieved July 17, 2011.Hotel and meeting room rentals are subject to a 9 rooms tax, and a 9 meals tax is charged on sales of prepared food and restaurant meals.Since the income tax bracket changes on an annual basis due to inflation, there is no set percentage for this calculation.Shipping and delivery charges, including charges for US postage, made by a retailer to a customer are subject to sales and use taxes when provided in connection with the sales of taxable tangible personal property or services.