Originally Posted by KZ1000
Originally Posted by Speedracer
If I buy an item for over $600 at the store, yes I pay sales tax, but the store doesn’t pay tax on their incoming money !!!

Of course they do, every business is taxed on income coming in, that is where receipts, expenses, etc. Come into play to lower that tax.

Dang, I didn’t know that. Then they also pay taxes when they originally bought the same item from their supplier too !!!!!! Then the same money is used to pay the employees who get taxed on their paycheck. Whew.

Last edited by Speedracer; Thu Feb 03 2022 09:20 PM.
-Steve B. (WTB: 48" Flying A button, 48" black/org Phillips 66, White Star, and Chevrolet Signs. Also looking for a Wayne 866. Send a PM. Thanks.)