Categories: Curiosities

10 Strangest Ways States Tax You (And Don’t)

NEVADA: THE SOFTER THE MUSIC, THE LOWER THE TAXES

Entertainment venues pay a business tax to the Silver State ranging from 5% to 10% on admissions fees (and food, drink and merchandise sales) whenever there’s live entertainment going on.

There are exemptions, however, including this one, for businesses that provide “ … Instrumental or vocal music, which may or may not be supplemented with commentary by the musicians, in a restaurant, lounge or similar area if such music does not routinely rise to the volume that interferes with casual conversation and if such music would not generally cause patrons to watch as well as listen.”

So your piano player can play “Feelings” softly and even crack a few jokes, tax-free, for your business. Just make sure they’re not funny enough to attract attention.

 

WEST VIRGINIA: TURNING A TOLL ROAD INTO A FREEWAY (ALMOST)

The West Virginia Turnpike has tolls. (They’re low by East Coast standards: $6 for all 88 miles, if you pay cash.) But the Mountain State tries to ease even this modest bite—for its own residents, at least. If they sign up for an E-ZPass transponder, the toll rate drops by one-third. What’s more (and this is where it becomes a tax issue), the state allows residents paying via E-ZPass to deduct the tolls they’ve paid for non-commercial travel.

The fine print: The tolls to be claimed must total at least $25 but no more than $1,200. But taxpayers can “look back” into previous tax years and claim any tolls paid in those years that exceeded the applicable limit.

cleverfinance

Page: 1 2 3 4 5 6

cleverfinance

Share
Published by
cleverfinance

Recent Posts

Retirees Are Wasting More Than $8000/Year on These 10 Things

> Trim these expenses to save more in retirement With a lot of discussion about…

7 years ago

18 Cheap Places to Retire Near the Beach in USA

If your ideal place to retire in America is by the beach, you’re in luck…

7 years ago

These 15 Reasons Can Get You Broke During Retirement

Why many retirees outlast their savings As 10,000 baby boomers turn 65 every day and…

7 years ago

Best Places to Retire in USA With Less Than $45K/Year

If you’re thinking about relocating to somewhere cheaper in retirement, you’re not alone — many…

7 years ago

Stop Wasting Your Money on These 30 Supermarket Buys

Making a list and sticking to it when you’re at the grocery store is an…

7 years ago

Don’t Take with You These 27 Shopping Habits in 2019

SKIP THESE BAD BUYS Every year we spend money on purchases that may be falsely…

7 years ago