View Full Version : Tangible taxes

01-27-2011, 09:31 PM
What is the reasoning behind tangible taxes? I cant seem to figure out why i would be paying taxes on every single piece of equipment used in the process of making money in my business down to office chairs and a shovel. It makes no sense

Does every file and pay these taxes in every state?

01-27-2011, 09:40 PM
http://www.nfib.com/florida/nfib-victories - See paragraph 4

Under $25,000.00 not even required to file :cool2:

01-28-2011, 01:55 PM
The reason behind it is that you will depreshite it every year. also you wrote it off when you bought it.

we have redemption tax. " Most prople do" it may be called somethign else in your town/state. But it's all the same. it's kind of like inventort tax that retail has.

I kno, it doesn't seem right sometimes