Monday, July 6, 2009

I know they said something about taxes in business law...but who pays attention in school?

So I bought a pair of shoes in Virginia the other day and decided I didn't like them and returned them in Maryland. Same store. Different sales tax. 5% and 6% respectively. When I looked at my return receipt I came to find that I had made money, albeit only a dollar or so. Nevertheless, this brings me to pose the question: is this technically "legal?"

I know there is some regulation regarding buying TVs and Wine and whatnot across states but what about for the average consumer doing an everyday transaction. How much do businesses lose/earn due to such transactions or does the difference average out?