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. _______________________________________________ gnucash-devel mailing list [EMAIL PROTECTED] http://www.gnucash.org/cgi-bin/mailman/listinfo/gnucash-devel
