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| *Ostroff, Fair and Company>>>Other Taxes |
Do you take the tax into account? |
If you are unfortuante enough to live somewhere where the Sales Tax/VAT/GST (or whatever you call it) is not included in the labelled price, how do you think about the tax when you are shopping? Do you automatically add a bit on in your mind when you look at a price? Do you get a calculator out when you are going round the store and work everything out exactly? Or do you just not bother thinking about the tax and accept that the price at the checkout is going to be a bit more than what you are expecting? It seems like a stupid system to me, why don't they just include it in the price? I've lived in the US, where the sales tax is added to the quoted price, and in the Philippines, where the VAT is (usually) included in the quoted price. I much prefer the Philippine system. When I was in the US, I didn't use compute the tax unless I was buying a large item, such as a stereo or an automobile. You get used to the tax and anticipate that the sales clerk is going to ask you for a little more money than the total of your purchases. One reason that the sales tax is not included in the price is that not all buyers pay it. Purchases for resale are tax-exempt. Purchases by governments and charities are often exempt as well. Also, if the purchase is being shipped to another state, the tax charged is either at the tax rate in that other state, or the sale is tax-exempt, depending on whether the seller has activities in the other state. I only worry about adding it in prior to purchase if I have a strict budjet during that shopping trip. Many time I just round everything up to the nearest dollar and then I am fine. |
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