America"s Quirkiest Tax Laws

Customer tax season officially kicked off last Friday when the IRS started accepting person returns for processing. Though my posts are typically focused on corporate tax problems, the looming private tax deadline got me pondering about the recent tax scenario for individuals and just how complicated it can be for a single man or woman – let alone a multinational corporation – to file their taxes accurately every single 12 months. A single of the benefits of working in a big company is that I have access to plenty of exciting data and info from our inner teams. With the person tax return deadline in thoughts, I imagined I’d share some of the wacky taxes that the Thomson Reuters indirect tax staff recently shared with me. Some of the “quirkiest” tax laws of 2013:

The Sandwich Tax: Hungry for revenue, two Massachusetts cities improved the tax on meals from 6.25% to seven%. The cities? Sandwich and Salisbury.

One more Explanation to Smile: Straighter teeth just got less expensive in Arizona. Orthodontic products are no longer topic to product sales and use tax.

Ahoy Greenwich: Connecticut did away with its luxury tax on yachts, and tax is exempted all with each other if the boat is docked 60 days or less a year.

Cracked Backs &amp Tax: In North Carolina, chiropractors should gather income tax on nutritional supplements and nutritional vitamins offered as element of a patient’s remedy prepare, and students need to shell out product sales tax on meals obtained on university campuses.

Drink Up in the Ocean State: Rhode Island eradicated sales and use tax on wine and spirits offered at package and liquor merchants from Dec. one, 2013 through March 31, 2015.

Up in Smoke: The legalization of recreational marijuana comes with a hefty tax. Both Washington and Colorado are taxing pot at a whopping 25 %.

Half-Baked: In Washington state, employing a personal chef is a taxable service, and the chef is required to collect product sales tax. Even so, if a meal is prepared with raw or undercooked eggs, fish, meat or poultry and refrigerated or frozen for consumption at a later time, and cooked prior to consumption to avoid meals-borne illness, then the tax is waived.

America"s Quirkiest Tax Laws