Join Date: Oct 2002
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Originally Posted by mightymoo
besides there is no sales tax on most groceries?)
Single mom to Rain (1/93) , grad student, and world traveler
Originally Posted by Kleine Hexe
I think we (FL) pay taxes for things like alcoholic beverages. That's not considered a food item. It's nice to not have pay tax on food. I think it should be that way in all states. You need food to live. You shouldn't have to pay taxes on it.
Originally Posted by WNB
For 2005 and (I think) 2006, you are permitted to deduct EITHER the state and local income taxes paid OR the sales taxes paid from your income - not both. This only helps if you end up with enough deductions to exceed the standard deduction, but assuming you itemize, you can add "sales tax" to the list of deductions. Also, I believe the IRS lets you estimate the amount of sales tax based on where you live and your income.
I don't think Congress renewed this provision for 2007, and it might even be gone for 2006 already.
|65 members and 16,525 guests|
|Amberline , Arduinna , AshleeSheree , bananabee , coconotcoco , CricketVS , DahliaRW , Dear_Rosemary , Deborah , Dovenoir , dreamoflife , easydoesit , emmy526 , frugalmama1 , happy-mama , hillymum , jcdfarmer , JElaineB , joandsarah77 , katelove , Kelleybug , kiachu , lilmissgiggles , lisak1234 , mamabear0314 , mareseatoats , Mirzam , mklemmer , moominmamma , MountainMamaGC , mumto1 , MylittleTiger , NaturallyKait , nemodori2084 , NomadMom9753 , oaksie68 , oldsmom , rocky , RollerCoasterMama , rubelin , samaxtics , sciencemum , SeaButterfly , shantimama , Shmootzi , shoeg8rl , Smella , Socks , sren , stellanyc , teacozy , tifga , ToBeOrNotToBe , verticalscope , zannster , zebra15 , zoeyzoo|
|Most users ever online was 449,755, 06-25-2014 at 12:21 PM.|