View Single Post
  #48  
Old 01-03-2012, 10:41 AM
egbeachley's Avatar
egbeachley egbeachley is offline
Eric Bea.chley
 
Join Date: May 2009
Posts: 920
Default

Quote:
Originally Posted by ValKehl View Post
Dan - Please correct me if I am wrong, but I assume that the Texas tax on business inventory is based on the COST of the inventory, which normally would be much less than the selling price of the inventory.
Val
Yes. And this would not apply for collectors who happen to buy and sell.
Reply With Quote