True Cost Economics is currently creating a sizable ruckus in the academic world, and its value as a system of thought is starting to be recognized by the economic establishment. -- Brendan Themes Go there >>True Cost Economics
Combined with the fact that sales tax is tied to consumption rather than income, this leads some to the conclusion that low-income individuals and families pay a greater proportion of their incomes in sales taxes, therefore sales tax is regressive. You're supposed to read regressive as unfair.
Vendors may petition for a refund of 100 percent of the sales tax paid on a bad debt associated with sales & use tax paid to the state for sales written off by the vendor. Prior to 2001, only a portion of the bad debt could be claimed.The refund applies to amounts deducted as bad debt on their federal income tax returns required to be filed after Jan. 1, 2001. You may request the sales tax refund by submitting a REV-65.The form is available to download from http://www.revenue.pa.gov/FormsandPublications/otherforms/Documents/rev-65.pdf.he refund applies to amounts deducted as bad debt on their federal income tax returns required to be filed after Jan. 1, 2001. You may request the sales tax refund by submitting a REV-65. The form is available to download from http://www.revenue.pa.gov/FormsandPublications/otherforms/Documents/rev-65.pdf.