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To: Mr. Bird
Well, simplify it for me. Under the NRST, if I buy an item that is listed at $10, how much cash do I give the sales person?

It depends on what your state sales tax is. Their "NRST" is really a tax "of the gross payment"

Your $10.00 item with a 7% state tax would be $13.90.

$3.90 is 23% "of the gross payment".

32 posted on 04/23/2004 8:04:04 AM PDT by lewislynn (Who made you, the casual observer, the expert?)
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To: lewislynn
It depends on what your state sales tax is. Their "NRST" is really a tax "of the gross payment"

Another classic lewislynn lie. The NRST does not tax taxes. The state and federal sales taxes would be calculated exclusive of each other. But never let facts get in the way of lewislynn's agenda...

34 posted on 04/23/2004 8:15:52 AM PDT by kevkrom (The John Kerry Songbook: www.imakrom.com/kerrysongs)
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