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To: ancient_geezer
"you get to be audited by state sales tax authorities to assure you actually are."

No, I actually am. And I'm saying more people actually will be in order to save the 30% with some creative accounting.

Setting up your own one-man corporation is not difficult. There's a lot that can be written off, even legally, as you know, and that 30% (plus 7% state sales tax) is a great incentive to set up, say, a "consulting" service on the side.

All I'm saying.

1,256 posted on 02/03/2005 12:13:04 PM PST by robertpaulsen
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To: robertpaulsen

As far as I can see that is being done already under the current tax system, and does not represent a significant change where the NRST is concerned.

The threshold for folks to attain and continue the use of that certification is actual sales for which the NRST is being collected and remitted by the business.

Too little NRST flowing from a "business" with large claims of input purchases is one big red flag for an audit to assure the integrity of those claims.

If one want to avoid paying the NRST on something like a computer it would be far less risk involved to just go buy a used one with no NRST in the first place, same is true of many such items that are targets for abuse.

When all is said and done, I see no reason to believe there will be any increase of such evasions beyond what already exists and is accounted for in the NRST rate.


1,258 posted on 02/03/2005 12:25:09 PM PST by ancient_geezer (Don't reform it, Replace it!!)
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