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.

    • Related Articles

    • Income Taxes and Lawful Money

      Under its power to borrow money, Congress is authorized by the Constitution to contract debt, and whenever something is borrowed it must be returned. When Congress spends the contracted private credit, each use of credit is debt which must be ...
    • Can One Claim Child Tax Credits on Lawful Money Tax Return

      If a lawful money return results in a refund of the tax year's withholdings then what can those credits be applied to for this year? Nothing. It keeps rolling over until there is taxable income to apply the credits to or it expires. The government ...
    • Is There A Recommended Lawful Money CPA (Certified Public Accountant)

      The fee for a lawful money return for an individual is $200 + 20% of one's federal liability. They have an easy online portal to submit documents. NAME: Mr. Giovanni Adolfo Paz URL: https://paztax.us/ EMAIL: office@paztax.com PHONE: +1 (747) 877-8720 ...
    • When is Use Tax or Sales Tax Collected

      Any individual, business, corporation, or other entity is liable for use tax, when sales tax is not collected by the seller and the item is delivered in the same state of registration/incorporation. For example, registering in South Dakota a seller ...
    • Why Can’t One Get Gold for My Lawful Money Demand?

      Federal Reserve notes serve as lawful money upon demand, the bank will not give one any other kind of money: US Bank Notes, Gold Certificates, Silver Certificates, stamps or united States Postal money orders. Do not ask for any special form, many ...