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The Virginia Consumer’s Use Tax Return for Individuals, Form CU-7, is a tax form used to report and pay the consumer's use tax on goods purchased without sales tax in Virginia. This tax applies to items bought from out-of-state vendors or tax-free purchases made outside Virginia, with a rate of 5% on non-food items and 2.5% on food for home consumption. Individuals must file this form if their untaxed purchases exceed $100 annually, while those with lower amounts are exempt. The document outlines filing procedures, deadlines, penalties for late submission, and provides instructions for computing the tax owed.

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What does Brainy quote about taxes?

Taxation is the price we pay for failing to build a civilized society.

What was the famous saying about taxes?

Death and taxes is a phrase commonly referencing a famous quotation written by American statesman Benjamin Franklin: Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.

What was the famous quote about taxes?

Benjamin Franklin said there were only two things certain in life: death and taxes.

What did Winston Churchill say about taxes?

For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.

What should I put for an additional amount withheld from my paycheck?

To receive a bigger refund, adjust line 4(c) on Form W-4, called Extra withholding, to increase the federal tax withholding for each paycheck you receive. Tax withholding calculators help you get a big picture view of your refund situation by asking detailed questions.

What did Mark Twain say about taxes?

Mark Twain: The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin. Mark Twain made his living through words. And like many people, he often felt that the government had its hand deep in his pocket.

What did Alexander Hamilton say about taxes?

Hamilton believes that the power to collect taxes deemed necessary is crucial for the government. Hamilton then details the differences between internal and external taxes. He argues that the federal government needs a power of taxation equal to its necessities, both present, and future.

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