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  #1  
Old 04-06-2007, 10:18 AM
cbrimas
Family Member
 
Join Date: Feb 2007
Posts: 50
Default Tax calculation & oop

Before I go to CVS, I type up a list of what I'm buying and take into account any manu. coupons and ECB's I'm using to get my oop as little as possible. The last few times, my last ECB is not accepted at the register and I think it might be due to taxes. Today, the manager told me the cash register did not give him the option to adjust down my$1.00 ECB (my total at that point was $1.37)
I bought:
2 folgers - $6.00 each = $12.00
2 bags easter candy - $1.99 each = $3.98
Kotex - $2.50
Crest - $2.77
2 Oral B - $5.97 each = $11.94
Dawn $0.88
Total before coupons = $34.07
Coupons:
Folgers - $0.25
Folgers - $0.25
Dawn - $0.25
Kotex - $1.00
ECB's - $17.91, $4.27, $3.77, $5.00
I'm now at $1.37. I had one last ECB for $1.00 that would not go through. I had 9 items, 4, manu q's, and 5 ecbs.
Can someone tell me manu. coupons and ECBs effect on tax?
  #2  
Old 04-06-2007, 10:23 AM
44saving
Family Member
 
Join Date: Feb 2007
Posts: 60
I think it depends a bit on the state you're in, but taxes are usually charged on "retail" value (before coupons) and ECBs can't officially be used to pay taxes. Sometimes, when things are being pushed through, ECBs are used to pay taxes, but it will beep, etc.
  #3  
Old 04-06-2007, 10:26 AM
cbrimas
Family Member
 
Join Date: Feb 2007
Posts: 50
Do we pay taxes on the amount of ECBs used?

  #4  
Old 04-06-2007, 10:29 AM
44saving
Family Member
 
Join Date: Feb 2007
Posts: 60
I'm not sure I understand the question, but . . . You're paying taxes on the product. You have to pay those taxes whether you use ECBs or not. (Uncle "insert name of your govenor here" will find ways to get his fair share )
  #5  
Old 04-06-2007, 10:31 AM
twinklep03
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Join Date: Feb 2007
Posts: 53
use at least one or two manufacture last so that would take the subtotal into negative making ur tax much less!!
  #6  
Old 04-06-2007, 10:56 AM
jtolpin
Family Member
 
Join Date: Feb 2006
Posts: 916
Buy a candy bar.

Just when I think I figured out the tax, I don't

Jason
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Jason
Caitlin 4-17-00 Allergic to Dairy, Egg, Wheat, Bananas, Grapes, Rye, Sesame, Beef, Garlic, Mustard, Onion, Peas and Avoiding Latex and all Nuts
Sara 2-13-98 NKA (Avoiding Nuts)
Meghan 2-28-03 NKA (Avoiding Nuts)
  #7  
Old 04-06-2007, 01:02 PM
PLedIsa4031
Family Member
 
Join Date: Apr 2005
Location: Indiana
Posts: 477
It is too hard to figure. I just figure out my OOP total before tax to make sure my ECB I want to use cover it. But even then things can get messed up. I could add wrong or a price may be off. (I got some clearance Speedstick deo the other day that said it was $1.xx or so & it rang up as 57¢!) I give the cashier all of my coupons- with my CVS ones on top (ie.... $4/20, etc.....) & then after they scan all of those, I ask what my before tax total is. I then give them the ECB to cover it as much as possible without loosing any of the amount.
The only way I ever paid less tax than what I was supposed to was when the cashier took my ECB & scanned it first. Then, all of my coupons came off & it made me go negative but it accepted the coupons so I only paid about half of the tax that I was supposed to.
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  #8  
Old 04-06-2007, 01:19 PM
emeleel
Family Member
 
Join Date: Feb 2007
Posts: 13
Where I live, using ECB reduces my taxes, as it should. It's a store discount, and you should only pay taxes on what it actually costs you. Coupons can be considered as almost another form of "cash" so you do pay tax on that. But if a store discounts their products, whether it be through a sale price, BOGO, store coupons, or whatever, it's reducing your actual price. That's why if I rollover an ECB on something that's exactly the same price, my final total is $0 and I pay no tax on the item.
  #9  
Old 04-06-2007, 01:42 PM
hustler23
Family Member
 
Join Date: Apr 2007
Posts: 72
Manufacturer coupons doesn't take away the tax.

However, CVS coupons & ECB are taxable items and they take away the tax. For example, you buy something that is priced at $1.00 before tax. You have a $1.00 ECB. After the cashier scans it, she will hit the taxable key, and you will pay nothing out of your pocket.


The opposite goes for manufacturer coupons. Let's say you bought the same item in the above situation and have a $1.00 off MC. In the end, you will pay the tax percentage on the original amount, which is 1.00.
If your tax rate it 9%, then you will pay .09 in the end
  #10  
Old 04-06-2007, 02:17 PM
phinphana
Family Member
 
Join Date: Dec 2006
Posts: 681
thats make sense so in case we have to pay more tax we can leave a few MG last then try using ECB to cover most of the tax first .
for example your total is 3 and you pay 2 ECB first , then 1 MG it will cost you only .09 ( 9% tax)
but if your total is 3 and you pay 1 Mg and 2 ECB so it will cost you .18 cents ( 9% tax)
ok does it make sense?
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