Bitter Jeweler
Been spending a lot of time on here!
- Joined
- Apr 27, 2009
- Messages
- 12,983
- Reaction score
- 5,003
- Location
- Cleveland, Ohio
- Can others edit my Photos
- Photos OK to edit
It gets uglier yet. If in the U.S.A., when the value of the camera is declared as income, the state income tax people will probably coordinate with the state sales and use tax people and he'd also owe sales tax on the camera.
No, sales tax wouldn't be charged again for an item already purchased and taxed, and then given as compensation. It would simply be "income".
If that were true, I would ask my employer to give me his Mercedes instead of a paycheck for the next "X" amount of time. That way, I'd receive the equivalent of the cash, I would pay only income tax and end up with a car!
Cars and TITLING are a different animal.
I could prove this wrong numerous times. But you are the forum know it all, you can puzzle it out for yourself.Sales & use tax is due every time that an item changes ownership.