- Aug 12, 2009
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Back when cigarettes were $3 a pack, loosies were usually 25 cents. When cigarettes went up to $5 a pack, loosies went up to 50 cents. When I left NY 4 years ago, loosies were 75 cents. They're probably a dollar now.
Correct. I estimate a dollar apiece. What is the sales tax rate in
Bottom line is you can't sell anything without charging a sales tax and you don't want to admit it.
That's funny, I just bought 10 cases of wine and didn't pay a cent of sales tax on it.
Good. Now take it all down to a street in NYC and sell them. Let me know how that turns out.
I still don't think you understand what I'm saying.
When I re-sell these bottles of wine, I'll have to collect sales tax on them, because I didn't pay it already.
So what are you going to do with the money you collect for sales tax?
Pay it to the government. It's part of having a retail license.