CapitalistSwine Posted September 4, 2011 Report Share Posted September 4, 2011 So someone told me today that raw materials are not taxed in this country. This is something I have been trying to nail down with google but have had very little luck. It seems to me, from what very little I can gather, that this is different state by state, but I am not sure. Can someone else here help me nail down what the case is? On a related note, if anyone is aware of a link/resource that explains in detail that kind of taxes businesses have to deal with, what they are, how they are discerned (how it's calculated), when they have to pay it, or anything like that I would greatly appreciate it, especially if it is written in a relatively easy to understand way. Thanks. Quote Link to comment Share on other sites More sharing options...
Ninth Doctor Posted September 5, 2011 Report Share Posted September 5, 2011 So someone told me today that raw materials are not taxed in this country. This is something I have been trying to nail down with google but have had very little luck. Can you define raw materials? Do you mean like oil in Alaska? There are royalty payments (ultimately a tax by another name) that go to the state, which in Alaska's case actually get passed on to the taxpayers. Anyway, the overall answer is going to be: it depends. On a related note, if anyone is aware of a link/resource that explains in detail that kind of taxes businesses have to deal with, what they are, how they are discerned (how it's calculated), when they have to pay it, or anything like that I would greatly appreciate it, especially if it is written in a relatively easy to understand way. What kind of business? What kind of tax? Federal, state, local? Income, excise, employment, property, franchise...damn now I'm getting a headache, this is the weekend after all. I gather you're not looking for professional literature, but if so CCH is who I generally use, they're very reliable for accuracy, though not geared at all to layman's readability. This may sound crazy, but you ought to give Wikipedia a try. Quote Link to comment Share on other sites More sharing options...
JASKN Posted September 5, 2011 Report Share Posted September 5, 2011 This sounds like something that is covered in business school. So, maybe some recent editions of textbooks? Amazon book search for things like "business tax" or "business raw materials" might do it, too. Quote Link to comment Share on other sites More sharing options...
freestyle Posted September 5, 2011 Report Share Posted September 5, 2011 Re: California http://www.ehow.com/info_8034077_raw-subject-sales-tax-california.html Quote Link to comment Share on other sites More sharing options...
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