Dick,
I was interested in that too, but things are not the same in all states. In
Texas, for example, inventory is taxed (not federal). Since we don't have an
income tax, the property tax is real important in Texas. You can really see
the evidence by watching the car dealers' big sales just prior to January 1.
(Some even move some of their inventory to secret locations...)
A relative used to own a furniture store and the tax guy used to come by and
ask him to "estimate" his inventory! The time I was there he estimated
$1,500. The guy wrote it down, and left! :-)
Bill, W5VX
>-----Original Message-----
>From: towertalk-bounces@contesting.com [mailto:towertalk-
>bounces@contesting.com] On Behalf Of Dick Green
>Sent: Tuesday, July 03, 2007 11:44 PM
>To: 'Roger (K8RI)'; 'R Atkins'; towertalk@contesting.com
>Subject: Re: [TowerTalk] Does anybody even make the antennas they
>advertise?
>
>> Sure they do. BUT... Finished antennas take lot of space, cost money
>> to > produce, and if they are in stock at inventory time the manufacturer
>> has to pay tax on the finished product rather than the stock tubing.
>
>Tax on inventory? The Feds don't tax inventory, only net income. Neither
>does my state (NH). We tax real estate and business profits, but not
>inventory. Are there states that actually tax inventory? That sounds like a
>great way to discourage manufacturing businesses from locating in your
>state. You sure about that, Roger?
>
>For many manufacturers, having finished inventory in stock is better than
>having raw material in stock. Banks credit lines are typically based on
>75%-80% of Accounts Receivable and 50% of *finished* inventory. They won't
>accept raw inventory as collateral.
>
>73, Dick WC1M
>
>
>
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