You forgot...unless they are consumed by the business in the course of normal business operation.
I know how the system works, and any business can really work the system. A business will make out great, others, not so much.
You forgot...unless they are consumed by the business in the course of normal business operation.
Businesses pay sales tax on what they consume. Ask your accountant if they can buy pencils and toner at Staples without paying sales tax. Ask your plumber if he paid sales tax on his work truck.
(I’m gratified that those who oppose Cain the most strongly are such economic idiots. Yes, there is plenty to debate in any major new tax plan. But you don’t need to make stuff up to debate it.)