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tax |
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tax n. a governmental assessment (charge) upon property value, transactions (transfers and sales), licenses granting a right, and/or income. These include Federal and state income taxes, county and city taxes on real property, state and/or local sales tax based on a percentage of each retail transaction, duties on imports from foreign countries, business licenses, Federal tax (and some states' taxes) on the estates of persons who have died, taxes on large gifts, and a state "use" tax in lieu of sales tax imposed on certain goods bought outside of the state. (See: income tax, estate tax, gift tax, use tax, unified estate and gift tax, franchise tax) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The FST component of tax-paid inventory would be refunded to the person holding the inventory at January 1, 1991, with the benefit being passed on to customers through lower pricing. These efforts include licensing cigarette related businesses, personally visiting storefronts, and implementing a high-tech tax stamp to place on legitimate, tax-paid products. The taxpayer was also a gasoline wholesale distributor, purchasing tax-paid gasoline and delivering it - in the taxpayer's trucks - to the convenience stores. |
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