Is it double taxation?

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 ?

andrewdoan04-09-2007 3:16am

Showing 1 response by somec59

somec59 Details Discussions Posts This discussion Message User 245 posts 04-09-2007 at 08:04pm Copy Comment URL Report Comment Edit Delete 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.

More to discover