Quote:
Originally Posted by Apache
The tax on inventory is a county tax in Georgia. This includes everything the business owns, not just inventory. This is why car dealers start reducing inventory levels in December. Any unsold cars are taxed. it is the same in my business except we have Christmas to help us reduce our inventory. 
Apache |
Yep. The owner of the old SF&Mystery book store in Atlanta, GA would reduce his inventory every year at the end of the year and complained bitterly about the tax. It's also one of the reasons that there are so many year end sales. It's important to remember that even national companies pay local taxes where ever they have a physical presents.