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<p>[QUOTE="harrync, post: 2730619, member: 58588"]I used Turbo-tax to do my NC taxes; the use tax "safe harbor" number it came up with was less than ONE-TENTH of one percent of my gross income. Yes, you pay use tax on one percent of your income, but that tax is only about 7 % of that one percent, which gives the actual tax rate on income of under one-tenth percent. I call it a "safe harbor" type action, because as I understand it, if you pay that amount, they can't come after you for more later. You do have to pay the actual tax of about 7 % on any single transaction over $1000 though.[/QUOTE]</p><p><br /></p>
[QUOTE="harrync, post: 2730619, member: 58588"]I used Turbo-tax to do my NC taxes; the use tax "safe harbor" number it came up with was less than ONE-TENTH of one percent of my gross income. Yes, you pay use tax on one percent of your income, but that tax is only about 7 % of that one percent, which gives the actual tax rate on income of under one-tenth percent. I call it a "safe harbor" type action, because as I understand it, if you pay that amount, they can't come after you for more later. You do have to pay the actual tax of about 7 % on any single transaction over $1000 though.[/QUOTE]
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