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To: Phantom Lord
In the end it works out the same either way, but for an apples to apples comparrison, one must used the tax inclusive method.

In a tax inclusive system, would the seller be required to itemize the taxes and products?

45 posted on 06/10/2005 11:55:39 AM PDT by frogjerk
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To: frogjerk
would the seller be required to itemize the taxes and products

The NRST does require the tax to be separately charged and stated (with certain practical exceptions, such as for vending machines that don't proudce receipts).

49 posted on 06/10/2005 11:58:19 AM PDT by kevkrom (Jack Bauer / Chloe O'Brien '08)
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To: frogjerk
In a tax inclusive system, would the seller be required to itemize the taxes and products?

No. The tax is the same regardless of product. The tax paid would be the % of gross sales.

It wouldn't be that product A is at X% and product B is at Y% and product C is at Z%.

62 posted on 06/10/2005 12:03:25 PM PDT by Phantom Lord (Advantages are taken, not handed out)
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To: frogjerk
In a tax inclusive system, would the seller be required to itemize the taxes and products?

link to bill (enter "HR 25"), FAQ, thumbnail sketch.

Kick around in there. It is indeed a requirement that the 23% amount be shown.

79 posted on 06/10/2005 12:11:37 PM PDT by Principled
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