[Jewelry making - Article 00797] - Re: [Orchid] Gracious answer to not reducing your prices

[H. D. (Del) Pearson]

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    One of the things I love most about Orchid is the wide variety of
    topics that touch on every aspect of the jewelry trade/hobby.  For
    those of you fortunate enough to sell in Texas (we "adopted"
    Texas--I'm originally from Oregon--tend to be just a little bit
    jingoistic) here is a cut-and-paste directly from the State
    Comptroller's website: 

    Am I required to separately state the sales tax amount to my
    customers? Yes. You must separately state the sales tax amount on
    your invoice or receipt unless you provide a written statement on the
    invoice or receipt that the sales price includes sales tax. If you
    use a written statement that sales tax is included in the sales
    price, you have collected sales tax and must report the collected tax
    by backing it out of the total amount received. 

    For example, you sell T-shirts. You are located in Austin and are
    required to collect 8.25% tax on your sales. You charge a customer
    $50 for a T-shirt and your invoice contained a written statement that
    the price included sales tax. Your sales price for that T-shirt was
    $46.19, and you collected $3.81 in tax. 

    Del Pearson of Designs of Eagle Creek in Beautiful South Texas where
    Europe is just a few feet below street level along San Antonio's
    Riverwalk, or Paseo del rio.

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