Page 1

Sales tax Orange County going to 8% Jan 1


Table of Contents • • • • • • • •

Information Types California International History Taxable Items Exempt Amazon


information  Taxes

paid to governing body  45 out of 50 states  % rate to taxable price of a sale  Good tax system for economic growth


Types of taxes  Gross

receipts  Excise  Use  Securities turnover  Value added  Fair


Taxes in California ď‚› Board

of equalization ď‚› Sales tax in CA is based @ 7.25% 6.25%-state 5.%-state general fund .25%-recovery .50%-local revenue .50%-local public safety 1.%-Local county


International  Most

countries  Western Europe highest taxes  Norway, Sweden, Denmark 25%  Hungary 27% Reduced rates Groceries Art Books and newspapers


History Ancient Egypt 2000BC Paintings describe tax for oil Greece 415 BC 1% for 16 slaves Augustus 6 AD 1% general tax


Taxable Items  Tangible

personal property  Ultimate consumer  Hot food from grocery or deli  Food sold for consumption on property


Exempt  Unprepared  Bakery

food

items  Livestock  Crops and Seed  Alternative energy  Fertilizer to grow food


Amazon.com Sept. 15, 2012 Started charging tax Rate dependent on buyer location 100 million in revenue expected 1st year Jerry Brown


To end…….  January

1, 2013 Orange County will pay 8% in sales tax. That’s better than 10% in LA county’s Pico Rivera!


Sources Los Angeles Times (Free ride is over) Marc Lifsher, Sep. 15, 2012 Wikipedia.org boe.ca.gov

2013 Orange County Sales Tax 8%  

The new increase in sales tax

Read more
Read more
Similar to
Popular now
Just for you