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Comment Re:This is how they make their money (Score 1) 468


I fail to see where they make money on taxes?

Collected sales tax is not handed over to the government the very split second it is collected. You are giving the government too much credit!

Probably one of two things happen, some accountant out would know and will probably speak up before the end of this thread: 1) At the end of the sales reporting period, all sales are talied up and sales taxe is paid on the total. Rebates "applied for" are taken out of the total, so less tax is paid. Extra tax collected then becomes revenue. 2) Sales are reported based on the premise that all rebates are claimed, and taxed correspondingly. At the end of the rebate period, the true sales total is then known, and they corresponding adjust the taxes due and settle up.

Either way, the sales tax collected on the rebated amount never gets to the government, but becomes extra revenue for the retailer.

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