sales tax & more

[Bill Gribble]

On Thu, 2002-06-06 at 16:06, Linas Vepstas wrote:
> Often, there'c city, county and state sales taxes, and although the customer 
> isn't aware of this, the seller has to track them seprately.

In many states, the state handles the apportionment and disbursement to
counties and cities.  Each retailer just reports the total amount of tax
collected and the locality in which it was collected, and the state does
the rest.  The city/county informs retailers what the aggregate tax rate
is, and it's applied as an aggregate rather than as separate rates for
county, city, etc... rounding is only done once per tax group. 

In Texas, for example, retailers just make one report to the state with
the total amount of tax collected.

That doesn't mean it's not a good idea to track them all separately;
it's just not necessarily required, and it's certainly more complicated.
b.g.