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Actually some private companies do levy taxes. Walmart gets sales tax breaks from certain cities. Walmart will collect the sales tax on a purchase, then pocket
by donarb 11y ago
Actually some private companies do levy taxes. Walmart gets sales tax breaks from certain cities. Walmart will collect the sales tax on a purchase, then pocket the money. This in lieu of sending the tax money to the government and getting a rebate or such.
- function_seven 11y agoRight, but that's on the back-end. The tax you pay at the register is still whatever is mandated by the state/county/municipality that you're in. Wal-Mart most definitely cannot raise that rate on their own.
- deelowe 11y agoI'm certain WalMart would get these concessions via a rebate or discount on their quarterly filings and not at the register. The end result is the same, but as the op says, private companies can not levy taxes. Only the government can do that.