Wanna be in the repro biz?

darinjacobs

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I know some of you do a project here and there. But think about this for a second. In my state we have an inventory tax. I was just hit with a bill for $1495.60 from the state. Slightly lower than last year. Thats on top of estimated quarterly income tax and overhead. Not to mention your time and the wonderful cast of characters you get to deal with on a daily basis :)

So it's not all that cheap and easy as people think. I roll my eyes when people say they know what it costs to print something (really?) and what the selling price should be. Sure that might be ok for the small guy who runs one or two projects and doesnt report their income, but I can't do that.

Having said that, anyone wanna buy Phoenixarcade and pay these bills? LOL.
 
Repros are just ink and vinyl, sheesh that's what? 3 cents a foot?

:)
 
....don't even get me started on invertory taxes (or property taxes, for that matter)....!

Edward
 
Wait... you pay Tax on the money you use to buy your inventory... you pay tax on the items in your inventory when you purchase them... whoever buys your inventory has to pay sales tax (if within the same state) on said inventory... yet you STILL GET HIT for a tax on the inventory you maintain that isn't SOLD?!?

WTF?! That sounds really really screwed up.
 
How much??????????????

My invertory taxes (really) arn't that bad, but I find the entire idea of having to pay invertory taxes....BULLSHIT!

Now, property taxes.....that one hurts. Oh yeah, I find the idea of property taxes.....BULLSHIT, too!

Edward
 
Wait... you pay Tax on the money you use to buy your inventory... you pay tax on the items in your inventory when you purchase them... whoever buys your inventory has to pay sales tax (if within the same state) on said inventory... yet you STILL GET HIT for a tax on the inventory you maintain that isn't SOLD?!?

WTF?! That sounds really really screwed up.

I can only speak for Kentucky, but......yes to everything you said!

Edward
 
I can only speak for Kentucky, but......yes to everything you said!

Edward


How how very "progressive"...

jerkoff.gif
 
My invertory taxes (really) arn't that bad, but I find the entire idea of having to pay invertory taxes....BULLSHIT!

Now, property taxes.....that one hurts. Oh yeah, I find the idea of property taxes.....BULLSHIT, too!

Edward

Edward you are in the heart of the Highlands. Prime location!!!! I would assume property tax would be also prime. LOL
 
Wait... you pay Tax on the money you use to buy your inventory... you pay tax on the items in your inventory when you purchase them... whoever buys your inventory has to pay sales tax (if within the same state) on said inventory... yet you STILL GET HIT for a tax on the inventory you maintain that isn't SOLD?!?

WTF?! That sounds really really screwed up.

Yes, it's that way here in Washington state too.
 
Is the inventory tax basically an advance on sales tax? Or do they really just screw you every year with no write-off for the taxes you previously paid?
 
Thus the reason for end of the year inventory reduction sales. It really sucks how the goverment triple dips in your wallet. I would like to know what im getting out of paying property taxes. My mortgage just went up because the property tax went up again. Ironic thing is my house value has went down on the last two assesments. Yeah, that makes alot of sense.
 
I would like to know what im getting out of paying property taxes. My mortgage just went up because the property tax went up again.


schools around here wanted a property tax increase .. voters turned it down.. now they need to cut $2.7 million from the budget...and this is in a town of around 14,000 people.......I can only imagine what they actually spend every year..
 
Ouch. Thanks for keeping it going for us. As most know, your products are top notch.
May I ask if Phoenix is your "day job"? Just curious.
 
Ouch. Thanks for keeping it going for us. As most know, your products are top notch.
May I ask if Phoenix is your "day job"? Just curious.

Thankfully it is not. I just wanted to throw it out there about the inventory tax bill I just got. Another advantage the inkjetters have on screen printers is their almost non-existent inventory. Print one off when the customers buys.
 
Inkjetters really don't have it much, if any better inventory tax wise. While they don't have much in the way of completed product for sale, the bulk materials and the equipment itself qualifies for that tax in most states with an inventory tax. Typically if the inkjetter is using decent stuff there's upwards of 25k tied up there.

Not debating inkjet vs silkscreen because we all know the superiority of silkscreen, just talkin taxes :)
 
Wait... you pay Tax on the money you use to buy your inventory... you pay tax on the items in your inventory when you purchase them... whoever buys your inventory has to pay sales tax (if within the same state) on said inventory... yet you STILL GET HIT for a tax on the inventory you maintain that isn't SOLD?!?

WTF?! That sounds really really screwed up.

Purchases on inventory are supposed to be tax-free until you sell that inventory to a customer, who then is supposed to pay the tax. That's what the resale certificate is all about. However if you decide to keep an inventory item or use it instead of selling it, then you have to (or are supposed to) pay a use tax.

But yeah, it's all bullshit.

EDIT: Also, if you sell across state lines the seller isn't responsible for collecting the buyer's taxes. The buyer is supposed to file with his or her state to pay the taxes on the purchase. That's the most ignored tax law in the country. Then I again I think we should ignore all the tax laws. :)
 
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My invertory taxes (really) arn't that bad, but I find the entire idea of having to pay invertory taxes....BULLSHIT!

Now, property taxes.....that one hurts. Oh yeah, I find the idea of property taxes.....BULLSHIT, too!

Edward

My inventory tax last year was 8000.00
 
Purchases on inventory are supposed to be tax-free until you sell that inventory to a customer, who then is supposed to pay the tax. That's what the resale certificate is all about. However if you decide to keep an inventory item or use it instead of selling it, then you have to (or are supposed to) pay a use tax.

But yeah, it's all bullshit.

Sales and use tax is one thing...which you're speaking of......inventory tax is different....and another tax. In Kentucky, any inventory left over at years end....I get taxed on it's value. Not it's retail value (thank god), but it's wholesale value.....basically, what I paid for it. I have a retail/repair shop. Say I pay $200 for a Pac-Man to flip....If I still have said Pac-Man at Jan 1....I pay taxes on the $200 it costs (I don't know what the percentage is, I've never bothered to find out). I also have to pay taxes on all parts in inventory at years end, all equipment bought for business purposes (computer, test equipment, Hand trucks, etc). Now, I do get to claim these purchases on my income taxes....which help offset taxes owed.....and equipment bought does depreciate yearly.....but it still sucks to buy a new desoldering station, knowing I'm gonna pay a tax on it's cost (besides sales tax).....for as long as I own it.

Edward
 
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