Yep. And so do retailers - for remitting. Retailers get 1/4 % or $200 (IIRC) , whichever is greater.
Retailers get 1/4 % or $200 (IIRC) , whichever is greater.
I knew the retailers would get the 1/4% but not the $200 if it was greater. A person could set up ten businesses and sell one or two items per retail outlet and the total tax remitted might be less than $100. The business owner would be paid more for reemitting the tax than he grossed on the twenty products sold. One hundred dollars tax remitted, yet receives $2,000 for remitting the tax. There must be a qualifier that stipulates other than a business owner whose 1/4% is less than $200.