To: Bigun
Big corporations ARE the retail buyer for many goods and services -- huge orders of PCs, customized software (costing in the millions), accounting and legal services, temp agencies, etc.
To: GovernmentShrinker
Big corporations ARE the retail buyer for many goods and services -- huge orders of PCs, customized software (costing in the millions), accounting and legal services, temp agencies, etc.So? What's the problem?
If those items are used to produce the good or service they sell at retail there is NO tax on the sale to them.
Only product(s) or service(s) sold to retail customers would be taxed.
Corporations do not pay taxes period! They mearly collect them from their customers and remit them to the government!
142 posted on
02/08/2003 7:38:54 PM PST by
Bigun
To: GovernmentShrinker
Big corporations ARE the retail buyer for many goods and services -- huge orders of PCs, customized software (costing in the millions), accounting and legal services, temp agencies, etc.These are actually a cost of production. Not taxed now and probably not taxed under NRST. Real estate and such would probably be taxed. Too much money changing hands there to let it slip by the political till.
152 posted on
02/08/2003 7:47:23 PM PST by
templar
To: GovernmentShrinker
Big corporations ARE the retail buyer for many goods and services -- huge orders of PCs, customized software (costing in the millions), accounting and legal services, temp agencies, etc.Corporate purchases account for approximately 20-25% of all sales in the US. About 65-70% is you and me... and the government makes up the rest.
I don't know your exact point you are making, but as it stands many businesses write off much of their purchases as cost of doing business.
The CEOs and Sales execs live high on the corporate dollar hog and write it off as expense.
To: GovernmentShrinker
Big corporations ARE the retail buyer for many goods and services -- huge orders of PCs, customized software (costing in the millions), accounting and legal services, temp agencies, etc. If a purchase is made in order to produce something else, it's not a retail sale. Only retail sales to the end consumer are taxed, not purchases made along the production line.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson