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To: Your Nightmare

The first thing I'm doing is setting up a business. A miserable failure of a business that will allow me to buy stuff tax free.

And let yourself be audited frequently for compliance as businesses under a retail sales tax get to do.

Then find yourself rapidly classed as a hobby under such circumstances and endup paying the tax owed as a consumer rather than a business operating for a profit.

186 posted on 09/15/2005 12:20:41 PM PDT by ancient_geezer (Don't reform it, Replace it!!)
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To: ancient_geezer
And let yourself be audited frequently for compliance as businesses under a retail sales tax get to do.

Man, it's gonna take an army of IRS agents to audit every person to see if their tax information is legitimate. Sounds like what we have today.

188 posted on 09/15/2005 12:22:08 PM PDT by SolidSupplySide
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To: ancient_geezer; SolidSupplySide
And let yourself be audited frequently for compliance as businesses under a retail sales tax get to do.
I would set up a website called I-Review-Stuff.com. On this site I would have long-term reviews of all sorts of stuff: cars, computers, appliances, etc. I would put Google AdWords advertising on it to generate some revenue stream - although not nearly enough to be profitable. All of the stuff I review I could buy tax free.

This is a completely legitimate business (although not a very successful one) and all of my purchases are legitimate expenses for that business. I wouldn't collect any sales tax - my revenues (what little there are) are all from Google - so I wouldn't even enter the collection radar.
203 posted on 09/15/2005 12:34:45 PM PDT by Your Nightmare
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