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The HST lowered the sales tax on the following items: [6] [7] Alcoholic beverages – dropped to 10% total sales tax, but liquor prices were increased to remain at the same total price; Residential electricity and heating – dropped to 5% after a 7% provincial rebate; Hotel rooms – dropped to 12% from 13%
There would normally not be any tax implications from a reverse stock split. One exception is a reverse split where cash payments were issued to shareholders in lieu of fractional shares.
A reverse mortgage is a type of loan that allows homeowners ages 62 and older to borrow against their home’s equity for tax-free payments. The reverse mortgage lender makes these payments to the ...
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New Jersey does not charge sales tax on most unprepared foods, household paper products, medicine, and clothing. As of July 1, 2022 New Jersey Does not charge sales tax on medical cannabis. [6] New Jersey does not charge sales tax on gasoline, but gasoline is subject to a $0.418/gallon excise tax. [citation needed]
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By 1970, a calculator could be made using just a few chips of low power consumption, allowing portable models powered from rechargeable batteries. The first handheld calculator was a 1967 prototype called Cal Tech, whose development was led by Jack Kilby at Texas Instruments in a research project to produce a portable calculator. It could add ...
William Petty came up with a concept of GDP, to calculate the tax burden, and argue landlords were unfairly taxed during warfare between the Dutch and the English between 1652-74. [12] Charles Davenant developed the method further in 1695. [13]