Resident Law-breaker

[SKMO]

Math is not one of my strong points, hell lets be honest here, there are days its not even a medium point, but if I am thinking correctly, for every 7 or 8 cents in sales tax you pay if you buy in MO, the MDC will get one penny.

Thats not quite right, that would indicate MDC got 1/8 of all tax monies.

One way to look at it is for every dollar you spend that is taxed they get 1/8 cent, (or for every $8 you spend they get a penny).

[chub minnow]

Were you on the Elk or Big Sugar when he stopped you? I'm sure glad to see that they are out there. Hopefully they'll show a presence on Indian and the Sugars this weekend to help discourage poaching and general chicanery.

[Chief Grey Bear]

Thats not quite right, that would indicate MDC got 1/8 of all tax monies.

One way to look at it is for every dollar you spend that is taxed they get 1/8 cent, (or for every $8 you spend they get a penny).

Not all tax monies, just sales tax monies.

Wouldn't 1/8 of 8 dollars be $1?

Also in your example above, I don't believe it is derived from the cost of the product purchased but, from the amount of tax charged. So if I spent $100 and the tax was $10 that would make the total $110 but they only get 1/8 of the $10 charged in tax.

That is my understanding.

[Al Agnew]

Nope, can't figure it that way.

I don't know exactly what all the state and county and municipal sales taxes add up to as a percentage of sales. It varies from place to place in MO. But, no matter how many pennies you pay per dollar you spend, only 1/8 of a penny goes to MDC (1/8 of one percent sales tax). So if you bought something for $10, you paid 1 and 1/4 pennies to MDC. Or, if you bought something for $100, 12.5 cents of your sales tax on it goes to MDC (1% of $100 is $1, 1/8th of a dollar is 12.5 cents).

[Chief Grey Bear]

So if you bought something for $10, you paid 1 and 1/4 pennies to MDC. Or, if you bought something for $100, 12.5 cents of your sales tax on it goes to MDC (1% of $100 is $1, 1/8th of a dollar is 12.5 cents).

OK Al, now my eyes are starting to cross. If 1/8th of a dollar is 12.5 cents and if I bought something and the tax portion of my purchase came to $10 wouldn't that = $1.25 for the MDC and not 1.25 cents?

But I still say it is not the total cost of the product purchased, just the tax portion that the 1/8 comes from.

I don't know.... I have been sitting here playing with this on a calculator and don't like what it is saying either....