[Jewelry making - Article 00655] - Re: [Orchid] Gracious answer to not reducing your prices

[Lee Einer]

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>        That's a little iffy.  I think you'll get into problems with the
>     state tax people if you try to do that without clearly stating what
>     part is tax and what isn't. 

    Perhaps it is a  a state-by-state thing. 

    Here in Arizona, The practice is common, particularly at shows, and
    is referred to as factored sales tax or privilege tax. An itemized
    breakdown of what is and what isn't tax is not required on the
    receipt. Your state laws may vary. Check with your State Dept of
    Revenue for clarification. 

    Various municipal government  websites provide instructions on how
    to calculate the factored tax. The calculation is as follows: 

    Total Price/ (Sales tax+1)= Adjusted sales price. 

    So, if you sold an item for $100, and your sales tax is 8.1%, you
    would divide 100 by 1.081 to obtain your adjusted sales price,
    $92.51. The $7.49 balance is owed to the State and City governments. 

Lee Einer
Dos Manos Jewelry
http://www.dosmanosjewelry.com

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