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To: pigdog
Well, no, Rongie. You clearly stated something quite different. You sopecified the "cost" was $100 which (as is called out in the bill) would include the sales tax (tax inclusive, you see).

That's 'gross payment' according to your bill not 'costs'. I clearly defined what I meant by cost, so you are just being ignorant at this time.

770 posted on 06/12/2005 12:16:55 PM PDT by Always Right
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To: Always Right

"Gross Payments" you say??? Here's the section of the bill dealing with the receipt required. Where do you see the term "gross payments"?

"`(a) In General- For each purchase of taxable property or services for which a tax is imposed by section 101, the seller shall charge the tax imposed by section 101 separately from the purchase. For purchase of taxable property or services for which a tax is imposed by section 101, the seller shall provide to the purchaser a receipt for each transaction that includes--

`(1) the property or services price exclusive of tax;

`(2) the amount of tax paid;

`(3) the property or service price inclusive of tax;

`(4) the tax rate (the amount of tax paid (per paragraph (2)) divided by the property or service price inclusive of tax (per paragraph (3));

`(5) the date that the good or service was sold;

`(6) the name of the vendor; and

`(7) the vendor registration number."

To most people the "cost" in your context would be what one pays for the thing ... which would be the total price (t-i). IOW, out of pocket price.


815 posted on 06/12/2005 1:15:41 PM PDT by pigdog
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