If you are merchant, you will present your Tax ID and pay your quarterly taxes accordingly. If you do not have a tax id, then the applicable tax is applied to your total.
You still come out ahead.
Buy A "Knock Off" Handbag And Support Terrorists
by minimus 25 Replies latest jw friends
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minimus
But if they include the tax and they are not merchants, then they are taking the tax monies but not filing them with the state.
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mrsjones5
those knockoffs come from every offshore country that we use to produce our stuff.
Josie
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arrowstar
ok...maybe I didn't make myself clear. These are not street vendors. These are brick and mortar merchants who are in the wholesale business.
Say I have a little boutique where I sell handbags, scarves, and jewelry. I have to go somewhere to buy my product to resell at a profit. THAT is what this wholesale district is all about. As a merchant, I would have a Tax ID and pay the government quarterly based on my profit and loss. As an individual, I pay the taxes on the item when I purchase it.
Either way the taxes are paid to the government.
There is a vast difference in buying from a wholesaler and some guy selling out of the back of a truck.
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minimus
Gotcha! I like NYC's way better, then.
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itsallgoodnow
The Feds are saying that the monies given to these street vendors in major cities actually may support terror groups like Hamas and Hezbollah! Anyone interested in a nice Rolex watch??
Well, if "the Feds" are saying it, don't bother giving us a source! We'll believe anything!