It is my first time to bid on E-bay. The invoice listed .0825% for sales tax. Is it some sort of double taxation since the original owner already paid sales tax when he made purchase ?
Avguygeorge is correct--the eBay seller is a dealer and must PAY salestax and is allowed to pass it to the buyer...at least that's the way it works in AZ. .
Your income is taxed 35-45% and then you spend it at a store and pay taxes on the sale. The business owner pays 35-45% income tax on that. He then spends the income at a store and it starts over again. For every dollar the Federal Gov't spends it gets back $8.00. That's why the government issues bonds/borrows money and then spends it.
"For every dollar the Federal Government spends, it gets back $8.00" Then why do we have a deficit? The Federal Government should have enough money to not collect taxes for the next 1600 years.
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