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North Pole is a small city in the Fairbanks North Star Borough, Alaska, United States. Incorporated in 1953, it is part of the Fairbanks metropolitan statistical area . As of the 2020 census , the city had a population of 2,243, [ 2 ] up from 2,117 in 2010. [ 3 ]
When buying an automobile, if one trades in a car, the state deducts the price of the trade when calculating the sales tax to be paid on the automobile (e.g., purchasing a $40,000 car, and trading a $10,000 car, a person would be taxed on the difference of $30,000 only, not the full amount of the new vehicle).
Not too long ago, an online influencer gave some advice to his followers. After lamenting the $20,000 sales tax bill he paid when he bought his Lamborghini Urus, he said that if he'd just bought ...
Because the rate of a sales tax does not change based on a person's income or wealth, sales taxes are generally considered regressive. However, it has been suggested that any regressive effect of a sales tax could be mitigated, e.g., by excluding rent, or by exempting "necessary" items, such as food, clothing and medicines. [21]
Composition of state and local tax revenues by sales taxes (brown), property taxes (white), licenses and other fees (grey), individual and corporate income taxes (green) in 2007. Determining the value of property is a critical aspect of property taxation, as such value determines the amount of tax due. Various techniques may be used to ...
Tax rates vary widely by jurisdiction from less than 1% to over 10%. Sales tax is collected by the seller at the time of sale. Use tax is self assessed by a buyer who has not paid sales tax on a taxable purchase. Unlike value added tax, sales tax is imposed only once, at the retail level, on any particular goods. Nearly all jurisdictions ...
While Alaska has no state sales tax, 89 municipalities collect a local sales tax, from 1.0 to 7.5%, typically 3–5%. Other local taxes levied include raw fish taxes, hotel, motel, and bed-and-breakfast 'bed' taxes, severance taxes, liquor and tobacco taxes, gaming (pull tabs) taxes, tire taxes and fuel transfer taxes. A part of the revenue ...
Claus was elected to the North Pole City Council in 2015 as a write-in candidate, winning with 58 votes. [18] In 2016, Claus spoke out against a proposed ban of marijuana dispensaries in North Pole, successfully swaying his council colleagues to reject the proposition. [19] Claus was re-elected to the council in 2019, [20] with 100 votes. [21]