Should One Collect Sales Tax When Redeeming Lawful Money

Should One Collect Sales Tax When Redeeming Lawful Money

Legal counsel has stated that any sales tax collected is done so on behalf of the State Franchise Tax Board, the collector acting as "agent" for the state. It is illegal for one to collect sales tax and then keep the money as additional income.

NOTE: A business owner may place a sign that reads "All Prices Already Include Tax" (which is ZERO for lawful money redeemers). The price can be raised slightly and customers will assume the benefit.

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