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Excise Tax
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May 9th, 2008
charmerbaits
Join Date: Apr 2007
Location: Winslow, IN
Posts: 57
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Excise Tax
If you pay excise tax on all your components do you still have to charge excise tax on jigs or spinnerbaits that you make and sell?
If so, should you not be paying excise tax on your components? It seems if you pay it on components then you shouldn't have to charge it because the IRS is double dipping.
Thanks,
Charlie
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