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YanBz
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Five factors affecting the final price

submitted on March 29, 2009 by YanBz in "Member's Lounge"
The blog I follow had an educational post the other day which I recommend every bargain hunter to read.

Modifiers: 5 things that change an item's final price

1. Coupons & promo codes
2. Cashback
3. Rebates
4. Shipping
5. Tax

http://www.wisebread.com/modif.....inal-price
 

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  Comments
  • 19739
    phunkeey
    teacher
    Posted by phunkeey on March 30, 2009 [reply] 0 0
    I totally agree. I think shipping and tax should factor in to the deal formula on buxr. In Tennessee sales tax is about 9%. And get this they want you to pay a use tax on anything you buy outside the state and bring in to use: http://state.tn.us/revenue/tntaxes/salesanduse.htm
  • 19764
    overaged
    apprentice
    1 1 1
    Posted by overaged on March 30, 2009
    [reply] 0 1
    wow, 9% sales tax. I thought we had high tax.
    Starting 4/1 tax is increasing here. going to 8.25 where I am and 9.25 in LA County.
  • 19773
    phunkeey
    teacher
    Posted by phunkeey on March 30, 2009 [reply] 0 0
    There is no state income tax in Tennessee, but I think this ends up being a regressive tax on the poor. If you make $30,000 or less per year you probably spend $30,000 per year meaning your entire income is subject to state taxes. A person with a significantly higher income ends up not paying state taxes on any income not spent on goods and services in the state. Not fair in my opinion.
  • 19774
    YanBz
    admin
    Posted by YanBz on March 30, 2009 [reply] 0 0
    The first comment to the blog has very useful info too. Below is the full comment, in a summary though, if your state has use tax then you are liable to pay the sales tax on you out-of-state purchases (in a form of use tax).

    You mention getting around the sales tax as a legal option. This is true that you do not have to pay sales tax since the selling entity was in Oregon, but Washington and other states have a Use Tax (and 22 states have a special line for it on your annual tax returns). Legally, since the item you bought was primarily for use within the State of Washington, you are obligated to pay the use tax to the State of Washington, which is equal to the sales tax in WA.

    Some states have safe harbor provisions, such as Massachusetts, where paying an estimated use tax based on your income will protect you from being penalized for underpayment of your use tax, so you don't need to track every online purchase you make during the year.

    If you've made out-of-state purchases and aren't paying the use tax in your home state you are breaking the law, even if it is difficult for the state to note (but beware an audit!)

    Use taxes in WA: http://dor.wa.gov/content/Find.....es/UseTax/
  • 19775
    overaged
    apprentice
    1 1 1
    Posted by overaged on March 30, 2009
    [reply] 0 1
    Cali nickels and dimes you on everything. We have state and federal taxes, sales tax, cigarette taxes, property taxes, Ca. redemtion value on everything from water, juices, sodas, etc.

    At least when I lived in vegas there were no state taxes and no taxes (redemption value) on buying sodas, water and stuff.

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