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Wednesday, April 18, 2012

Typical examples of Texas Sales tax system



Anyone living in Texas will have to acquaint himself with the Texas sales tax system. If you are a new migrant to this state and think that you already have enough knowledge about the sales tax system in other states, you are wrong. Texas has its unique requirements in a number of areas and, if you take chances, you might end up with costly or inconvenient tax mistakes.

 Like many other states, Texas runs its own tax rules. Its sales tax is a combination of the basic sales tax, and the use tax plus other government levies. That puts the sales tax for Texas at around 8.25%.

 There are also exemptions to the sales taxes in Texas. These include medications, bakeries, meats and some other food items.

 If you purchase an item in other states and bring it to Texas, you will still need to pay a so called use tax. This is a unique stipulation, as other states do not tax you from items purchased outsider. So, if you now live in Texas, you should always remember to pay the use tax. Otherwise, you will be fined heavily.


Certain products can be exempted from the use tax. Typical examples include those that are used during the filming of movies or shows. Film cameras and some of their accompanying parts may not be taxed. In the mean time, however, a great many other objects and items that are part of a motion picture production may be taxed. This can include anything from props, tools, tables, chairs and cars.

 To many people, the sales tax system in Texas does appear baffling. It can take you a lot of time figuring out the rules. When you do figure them out, there is a chance that you could have interpreted them incorrectly. You can help avoid a sales tax mess by not doing things on your own. As in any state, there are tax experts in Texas that you can consult or hire for a fee. With the paid option, you can either get someone to answer your tax questions or let him do the whole work for you.

 If you choose not to retain the regular service of a tax expert, you will have to continually look out for yourself. This can be tricky because sales tax laws can vary over the time. Usually, notices will be sent or posted when a change occurs., and you should pay close attention and not to miss any sales tax change announcement.

 Like many other tax policies, Texas sales tax may seem tricky. It is however your duty to learn about and keep track of them. It could be costly for you if you make errors in sales tax computations.
Source:  http://www.articlesbase.com/taxes-articles/texas-sales-tax-facts-373574.html

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