On Mon, 11 Jul 2005 17:20:04 GMT, "ticbol" wrote:


Let us analyze your $10-stuff example.

You said if 5.75%, you just add 5.75 % of $10, which is $0.58, to the
$10. So you sell the stuff at $10.58.
Ok, so sale price is $10.58.
Then taxman gets his 5.75% of $10.58.


No, no, no.

The taxman gets 5.75% of the sell price, $10.00. 0.58. Sales tax is
not charged on sales tax.

bob


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