Quote:
Originally Posted by bowlingal
Beepart, I just had LVP flooring installed....NO tax. I did go to another store for a price comparison, and he wanted to charge me tax, and I said the same thing to him ( as a permanent addition) and he said other places do charge tax, but it is the price. I think that is illegal, tax must be broken out on the contract. Needless to say, I didn't buy from him.
|
Sort of related. In the old days some people had a cash business. Of course everyone is honest but they would end up with what I call suitcase money. Un-taxed money that they can't show. A friend who has/had a retail store told me due to credit card rebates etc, there is very little cash in businesses.
When, you go into a store and they have a sign minimum for a credit card ?????
The reason is the credit card charges them say 2%. Assuming their profit is 10%.
That 2% which is on the gross amount is 2.00 on $100 20% of the profit.