To: MineralMan
Washington State also has local and statewide Business and Occupation taxes, which are a tax of about .4% of _gross_ sales. No deductions. Ouch. Considering how thin margins are in a lot of industries in this day and age, that's a nasty tax rate on gross.
53 posted on
04/11/2003 2:16:14 PM PDT by
dirtboy
(United States 2, Terror-sponsoring regimes 0, waiting to see who's next in the bracket)
To: dirtboy
"Ouch. Considering how thin margins are in a lot of industries in this day and age, that's a nasty tax rate on gross."
Well, less than a half a percent is doable, I guess. My understanding is that WA doesn't have an income tax, so that would offset this little tax a bit, I guess. I do hate taxes on gross sales, though. I suppose they just get passed on to the consumer.
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