S-CHIP Required Reading

BengalMan · 02-09-2009, 07:48 PM

My question is this, how is the floor tax going to be collected? It's not like the state that can walk in at any given time. Tobacco on a federal level is regulated by the ATF, and I'm sure they have better things to do than chase down a couple hundred dollars from a tobacco shop off the side of the highway in the middle of no where. In order to get an accurate collection, every purchase invoice from the distributor to the shop would have to be pulled, then accurate sales up to the day they are being inquired on would have to be pulled. All this seems like too much hassle. Maybe they will try to go on an honor policy? However, I highly doubt that as well. Who knows.

02-09-2009, 07:48 PM	#20
BengalMan Have My Own Room Join Date: Oct 2008 First Name: Ian Location: Cincinnati, OH Posts: 1,280 Trading: (10)	Re: S-CHIP Required Reading My question is this, how is the floor tax going to be collected? It's not like the state that can walk in at any given time. Tobacco on a federal level is regulated by the ATF, and I'm sure they have better things to do than chase down a couple hundred dollars from a tobacco shop off the side of the highway in the middle of no where. In order to get an accurate collection, every purchase invoice from the distributor to the shop would have to be pulled, then accurate sales up to the day they are being inquired on would have to be pulled. All this seems like too much hassle. Maybe they will try to go on an honor policy? However, I highly doubt that as well. Who knows.

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