Wednesday, June 1, 2011

NumByte 1: Retailer Taxes

With all the talk about reducing the US deficit by eliminating tax breaks for oil companies, ethanol, corn, appliances, mortgage interest, and an ever expanding list for all sorts of special interests, what's a retailer to do? Hope for more equality when it comes to tax rates in general. According to a NY Times article, retailers pay about 31% of their revenue in taxes, while the financial services sector pays about 20%.

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