ramblin on / insurance/ card values

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Posted By: leon

Usage tax is the same amount as sales tax, in Texas...mostly about 8%.....if you pay at the time of purchase it's sales tax....if you pay at the end of the year it's usage...but you have to pay one way or the other. Corporate customers used to tell me they bought computers from out of state to avoid sales tax. I called the State Comptroller to see what the deal was. When I told the customers what I found they barely ever knew there was a state usage tax. Even some tax departments didn't. This was several years ago when the internet first started. I would guess most corporate customers are a little wiser today. Uncle Sam always gets his share....