OpenEuphoria

Re: Taxation

• Posted by gwalters at sc.rr.com Feb 19, 2002
• 475 views

Another item, pure labor charges are not usually taxed, however if it's
manufacturing something and part and parcel of the end product it is
taxable. For example a person asks you to make him a trailer and your
materials cost $100 and your labor costs are $300 and you sell him the
trailer for $400 then the entire $400 is taxed. If he brings you the
materials and you charge him $300 labor to make the trailer then the $300 is
not taxable.

George Walters

----- Original Message -----
From: <euman at bellsouth.net>
To: "EUforum" <EUforum at topica.com>
Subject: Taxation


>
> Hello all,
>
> This is non-programming related but I need an answer.
>
> Has anyone figured out what amount of tax is on $1.00?
>
> consider a candy bar that when you buy it cost $1.00
>
> also consider it a while loop thats never false
>
> while true do
>    1. the manufacturer pays a tax
>    2. the retailers pay a tax
>    3. the purchase is taxed
>    4. you work for the manufacturer and
>        your taxed on the income
> end while
>
> and anyother tax Ive missed.
>
> hmmm, how much of this $1.00 is actually not taxed?
>
> What the hek was there a tea party?
>
> Euman
> euman at bellsouth.net
>
> Q: Are we monetarily insane?
> A: YES
>
>
>
>