Politician Archive
Thread: Taxes on item sold *to* merchant vendor
AGREED! Thank you ... As a Master Tailor - Master Artisan-Merchant-Mayor with ZERO skill in any weapon I can't get my own hides etc and since I own a PA hall that take 9 lots!!!
I HAVE to buy resources!
Please Devs rethink this
make sure there are nosales take on offers.
Thanks!
Just say no to double taxation! If they don't listen to us let's have a tea partyand throwcrates of droid storage modules into the river running through Theed!
Seriously though, taxing twice makes no sense economically and just serves to run up prices. Businesses in that "real" world people keep talking about don't have to pay taxes on goods they buy from their suppliers (at least in the US).
How is this a double taxation? The tax kicks in when something is sold. The person leaving the items on the vendor for you is selling them to you. You get taxed, the seller does not. Hence there is only one tax. It would only be double tax if both the seller and the purchaser were taxed.
Businesses in the US do pay taxes when purchasing items from their suppliers. Restaurants pay taxes on the supplies they purchase. There are excemptions though for some businesses. Also remember sales taxes (in the US) are all state, county, town only. So if a business is purchasing items across state lines, and neither the supplier nor the purchaser have offices in the same state, they are exempt from the local tax. Has to do with taxing interstate commerce. Which is why you can frequently purchase items of the internet without paying a sales tax. You just have to live in another state.
I don't think this is double taxation. Double taxation is when the credits come out of your pocket twice. It's not double taxation just because the city makes revenue two or three times over the life of the product.
- Sydira
Yes, the cost of the product can go up or you can take the loss, but the merchant should have to pay taxes just like the customer does.
Have you ever seen Kidco? They got around the double-taxation. Items should NOT be taxed twice.
Sunakk wrote:
I think this is a good way to get sales tax revenue. The original resources may be taxed twice (in the final product form for the second tax), but it is because it was sold twice. Two distinct transactions between two different sets of people.
Yes, the cost of the product can go up or you can take the loss, but the merchant should have to pay taxes just like the customer does.
PadawanChong wrote:
Have you ever seen Kidco? They got around the double-taxation. Items should NOT be taxed twice.
They aren't being taxed twice. They are only being taxed once per transaction. Or once per time sold. That's they way it works in the real world too.
What's being asked for here is a sales tax exemption for the vendor owner. So the merchant wouldn't have to pay a sales tax when they buy something that was offered to their vendor. Yet all their customers that purchase from them would still have to pay the tax.
If people are having a problem with this then I suggest talking to your Mayor. Have them lower or eliminate the sales tax. Problem solved.
My question is: How can I apply for NON-Profit status!
Waste93 wrote:
They aren't being taxed twice. They are only being taxed once per transaction. Or once per time sold. That's they way it works in the real world too.
If you're buying the items to craft goods, they ARE being taxed twice. Once when you guy the resources. Once when you sell the final product.