If you are an individual I would expect that you'd always be paying retail regardless of your intent. As a business, you would be responsible for collecting sales tax on retail goods you sell (the 4 you sold). As a business you are NOT required to pay retail tax on business-to-business purchases for things you will be using "as a business". This means if that's a company car, you aren't going to pay the retail tax on it. This is similar to buying a company car today in that you don't pay personal income tax on the "company car".
Now if you are buying the 5th car as a business and using for your own personal use then that's an issue and would probably be caught in retail tax audits. -Cameron Billy Cox wrote: > The line between wholesale and retail purchasing is blurry at times. If I > buy five Corvettes for resale, who is going to care whether one of them ends > up in the garage at my home long after the other Corvettes are sold? > > > > > -----Original Message----- > From: Cameron Childress [mailto:[EMAIL PROTECTED] > Sent: Monday, January 28, 2008 7:35 AM > To: CF-Community > Subject: Re: CF-Community Presidential Poll > > > From: http://www.fairtax.org/site/PageServer?pagename=about_faq_answers#1 > > "The FairTax is a single-rate, federal retail sales tax collected only > once, at the final point of purchase of new goods and services for > personal consumption. Used items are not taxed. Business-to-business > purchases for the production of goods and services are not taxed. A > rebate makes the effective rate progressive." > > -Cameron ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;160198600;22374440;w Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:252151 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
