Federal Excise tax on tires
Just had 8 new tires put on my mh for $5,500. They charged me $201 in FET and then charged me $400 tax on my total which included the FET. So I am paying a tax on a tax. I know there are tax friends o...
Forum Discussion
AikenRacer wrote:
Just had 8 new tires put on my mh for $5,500. They charged me $201 in FET and then charged me $400 tax on my total which included the FET. So I am paying a tax on a tax. I know there are tax friends out there. Is that right???
seems to be a simple math problem. what is the sales tax rate (%) at the point of purchase? cost of tires x tax rate = total sales tax.
$400/$5500 = a sales tax rate of 7.27%.
$400/$5701 = 7.01%
