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Weird Taxes 2015

WEIRDEST taxes in 2015 Championship charges MICHAEL JORDAN RUSSELL WILSON $$$$ 23 Seahawks Quarterback and 2014 The first "jock tax" occurred in California after the 1991 NBA finals, when California charged Michael Jordan taxes he owed on Super Bowl champ Russell Wilson's bonus of $97,000 plus his weeklong stay in the game state, could have him owing New Jersey around $60,000 in taxes this April. his championship earnings after beating the Los Angeles Lakers. "Jock tax" refers to state and local income taxes on traveling business professionals, particularly visiting professional athletes. WHAT IS "JOCK TAX"? TOM BRADY MVP Tom Brady Tom Brady will owe a federal tax of $18,500 on the new Chevy Colorado he won as the 2015 Super Bowl MVP, which is more than half the cost of the truck. Not-so-simple state taxes ALABAMA PLAY CARD TAX CONNECTICUT DIAPER TAX $$ Playing cards containing less than 54 cards are taxed at $0.10 Children's diapers are subject to the state's 6.35% sales and use tax, while adult diapers are tax-exempt. per deck. MARYLAND FLUSH TAX FLUSH 15 TAX $5 monthly In St. Mary's County Maryland, homeowners pay a tax for flushing their toilets. Known as the “flush tax", a charge of $5 monthly is applied to the property tax bills. The money generated from this tax goes toward the Chesapeake Bay Restoration Fund. MARYLAND FILMING TAX BREAKS TEXAS CAR CRASH TAX In Maryland, shows like House of Cards and Veep were costing taxpayers $62.5 million in tax credits. House of Cards specifically received $11.6 million for its first season and $15 million for its second season. Missouri City, Texas has begun charging the guilty party in traffic accidents up to $2000 per accident to cover the costs for first responders. TENNESSEE UNAUTHORIZED SUBSTANCES TAX Tennessee requires a tax on any sale of an unauthorized drug. The anonymous tax doesn't protect you from the criminal statutes for possessing illegal drugs. Today 27 states have some form of a tax on illegal drug sales. DC BOWLING OR PARLOR SERVICES TAX DC HEALTH CLUB AND GYM TAX AND TANNING TAX 10 11 In 2015, D.C. approved a 5.75% sales D.C. charges a 5.75% sales tax on bowling and billiards services. This even includes coin operated billiard table games. tax on gyms, yoga studios, health club, and tanning services. Guzzling-gas tax EPA RATING TAX EPA RATING Any car with an EPA rating of >19 receive a tax based on how far below that rating they falI. Excluded from this list, however, are trucks, minivans, and sport utility vehicles, leaving explicitly passenger vehicles often considered in the "luxury" category. LUXURY TAX GAS -GUZZLER TAX $$$ FUEL $$$ From 1991 to 2002, the US imposed a luxury tax of 10% on new vehicles costing any amount over $30,000. The old luxury tax is eerily similar to today's EPA gas-guzzler tax. The 2015 gas-guzzler tax's worst offenders average price was $316,452. Though supposedly not based on price, the gas-guzzler tax only taxes cars in the "luxury car tax" price range with the exception of a few cars. TurboTax Personal Pro. DISCLAIMER: The above information is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on your taxes, your investments, the law or any other business and professional matters that affect you and/or your business. SOURCES: http://taxfoundation.org/tax-topics/jock-taxes | http://www.foxbusiness.com/industries/2014/01/s/new-jersey-jock-tax-tackles-super-bowl-earnings/ http://www.forbes.com/sites/ryanellis/2015/02/04/irs-to-steal-tom-bradys-super-bowl-mvp-truck/ I http://revenue.alabama.gov/tobaccotax/faqtt.efm http://www.washingtonpost.com/local/flush-tax-in-maryland-to-double-in-july/2012/05/08/8IQADHIOCU story.html http://articles.baltimoresun.com/2012-01-26/news/bs-ed-flush-20120126.Lflush-tax-septic-systems-chesapeake-bay-restoration-fund http://www.tn.gov/lrevenue/faqs/unauthsubfaq.shtml | http://trace.tennessee.edu/cgi/viewcontent.cgi?articleri053&context-tjlp http://www.foxnews.com/politics/2013/02/20/insult-to-injury-texas-town-joins-trend-imposing-crash-tax-on-accident-victims/ http://www.washingtonpost.com/local/md-politics/benefits-of-marylands-tax-credits-for-films-are-questioned/2014/n/15/56c467b2-6 http://otr.cfo.de.gov/release/effective-october--district-columbia-sales-tax-extends-additional-services http://www.autos.com/car-buying/understanding-luxury-car-tax-and-why-the-rate-is-different http://www.epa.gov/fueleconomy/guzzler/ | http://www.fueleconomy.gov/feg/best/bestworstNF.shtml The Connecticut Department Revenue Services

Weird Taxes 2015

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Taxes are always hard to understand. Then there are taxes that are just strange. Check out this infographic and see what we think are the weirdest taxes for 2015. https://pro.turbotax.intuit.com/weird...

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