[Principled]

Tally up your gross taxable receipts (AKA gross income), remit 23% to the feds...

Not quite.

If you're a RETAIL business then you remit 23% of gross receipts to the state sales tax authority and earn 1/4% of receipts for your trouble. Remember only retail is taxed - not business to business - only retail.

It's pretty easy to calculate 23% of gross - I think even you could do it lewis - lumber isn't retail so you wouldn't have to worry 'bout it. Even if you did, you would have no additional compliance costs and most likely less. No payroll dept or employee "contributions". And you'd earn 1/4% on remittance.

[Principled]

earn 1/4% of receipts REMITTANCE for your trouble

apologies

[lewislynn]

If you're a RETAIL business then you remit 23% of gross receipts to the state sales tax authority and earn 1/4% of receipts for your trouble.

What kind of government hack thinks you "earn" what is already yours?

It's pretty easy to calculate 23% of gross - I think even you could do it lewis

Gee, maybe you'd even like it if we just sent all we collect and "earn" what they let us have.

lumber isn't retail so you wouldn't have to worry 'bout it. Even if you did, you would have no additional compliance costs and most likely less. No payroll dept

LOL!...Ignorance is bliss.