A number of states also have unusual tax breaks. Bodybuilders in Nevada and elsewhere can deduct body oil as a business expense, for example.

Virginia offers a back-to-school tax holiday, as do many other states. But in Virginia, that tax break covers a number of items not normally found in classrooms, like fur coats, lingerie, garters, and garter belts.

One of the more intricate tax rules is in effect in Wyoming. Wyoming used to just tax tools as a sale of personal property. But in 2014, the state clarified its rule so that "when a tool is lost down a hole or damaged beyond repair during the pre-production casing phase of the well," and a customer has to pay for the tool, it is not subject to sales tax. But a customer who has to pay for a tool lost during the production-casing phase is on the hook for the tax.

Looking to clear your mind from these head-spinning taxes? Don't go to Missouri. That state taxes yoga classes. Ommm, indeed.

Continued here:
These states have the strangest taxes

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March 20, 2015 at 3:14 am by Mr HomeBuilder
Category: Gutter Cleaning