GMPP Wholesaler...?

7 messages, Last post on Jan 08, 2009 at 1:10 PM

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#4 of 7 Re: GMPP Wholesaler...? [lightning23] by wlbrown9 Jan 05, 2009 (10:34 am)
Replying to: lightning23 (Jan 03, 2009 12:57 pm) One difference. Here in TN if you buy locally, even if they match the sales prices, you pay 9.125% sales tax. So, just assuming round figures, your $1000 GMPP bought locally totals $1091.25 while buying off the internet out of state costs you $1000...of course, most states require that you send them the tax on out of state purchases, so it would be even Replies to this message: lightning23 (Jan 05, 2009 12:22 pm) wlbrown9 (Jan 08, 2009 1:10 pm)
#5 of 7 Re: GMPP Wholesaler...? [wlbrown9] by lightning23 Jan 05, 2009 (12:22 pm)
Replying to: wlbrown9 (Jan 05, 2009 10:34 am) The sales tax scenario you bring up is one I didn't even think of. Thankfully we are fortunate that here in Minnesota there is no tax on Warranty/Service contracts! Good reading: http://smallbusiness.yahoo.com/r-article-a-2604-m-2-sc-59-sales_tax_on_the_inter- net_who_pays_it_who_doesnt-i Replies to this message: wlbrown9 (Jan 08, 2009 1:10 pm)
#6 of 7 Re: GMPP Wholesaler...? [lightning23] by wlbrown9 Jan 08, 2009 (1:10 pm)
Replying to: lightning23 (Jan 05, 2009 12:22 pm) Yep... Every state is pretty much different on taxes. TN is fortunate that we have been able to avoid having a state INCOME tax so the sales tax is high to try and make up for that.