4 ms·
>Like, it's not unusual for the state to make more in sales tax from an order than we're taking in margin Is that supposed to be notable or surprising? I've as
by vba616 4y ago
>Like, it's not unusual for the state to make more in sales tax from an order than we're taking in margin
Is that supposed to be notable or surprising? I've assumed lots of retail businesses that sell to the general public at full price only make a fraction of the sales tax.
Absolutely the first possibility I thought of is Best Buy, and the first Google response is net profit margin is 3.2%. Sales tax in my area is 8%.
Even if that's a bogus number, it feels truthy?
If the government does get a big discount, it would be interesting to explore where that comes from.
- CWuestefeld 4y ago>>Like, it's not unusual for the state to make more in sales tax from an order than we're taking in margin >Is that supposed to be notable or surprising? Well, specifically, I was responding to the absurd claim that someone "resells to the government for double the price". But more generally, yes, I think it's pretty surprising that the government should get a greater cut of the sale than we, the sellers, do. Is there some way that the state and local government is creating more value, or contributing more to the transaction, than we are?