VetOfTheSeas@discuss.online to Work Reform@lemmy.world · 24 days agoData centers get tax breaks. Not you though.discuss.onlineimagemessage-square78fedilinkarrow-up1932arrow-down17cross-posted to: [email protected]
arrow-up1925arrow-down1imageData centers get tax breaks. Not you though.discuss.onlineVetOfTheSeas@discuss.online to Work Reform@lemmy.world · 24 days agomessage-square78fedilinkcross-posted to: [email protected]
minus-squareprole@lemmy.blahaj.zonelinkfedilinkarrow-up2·23 days agoYou’ve got it backwards. Sales tax is what the person purchasing the thing pays.
minus-squareSprocketfree@sh.itjust.workslinkfedilinkEnglisharrow-up1·23 days agoNo, you actually pay the tax on the sale. But culturally we’ve just moved that to the buyer. The seller “collects” that tax you see in the receipt and pays the IRS. You don’t ever actually pay the tax to the IRS as the buyer.
minus-squareGodlessCommie@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·23 days agoThe end user pays the tax, no one in between, which includes the purchase of equipment used to manufacture a final product
You’ve got it backwards. Sales tax is what the person purchasing the thing pays.
No, you actually pay the tax on the sale. But culturally we’ve just moved that to the buyer. The seller “collects” that tax you see in the receipt and pays the IRS. You don’t ever actually pay the tax to the IRS as the buyer.
The end user pays the tax, no one in between, which includes the purchase of equipment used to manufacture a final product