Klarinet Archive - Posting 000485.txt from 2000/01

From: Bill Hausmann <bhausman@-----.com>
Subj: RE: [kl] Good Middle School Bass Clarinet?
Date: Sat, 15 Jan 2000 19:52:23 -0500

At 11:16 AM 1/15/2000 -0500, Karl Krelove wrote:
>
>> Maybe if government agencies stopped taxing merchandise for sale
>> as "property," inventories would not be maintained at
>> artificially low levels.
>>
>Well, that shows my complete naivet@-----. What tax is
>levied on warehouse inventory? Is it the same in Japan (or is all the
>student instrument equipment we buy made here in the U.S.?) When it is sold
>subsequent to being taxed in this way, are the proceeds then taxed again as
>income? We're really running over the edge of Klarinet's topic area, but=
I'm
>very curious.
>
As I understand it, when the property tax on businesses comes due,
inventory in stock counts as property and is subject to taxation based upon
its value. If it is still in stock the next year, you pay on it again!
And of course you pay tax on the income from the sale!

Most of Yamaha's student instruments are assembled in Grand Rapids,
although Leblanc either makes Yamaha's bass clarinets or sold Yamaha the
blueprints! (In return, Yamaha makes some Holton brasses, and used to make
Vito saxes.)

Bill Hausmann bhausman@-----.com
451 Old Orchard Drive http://www.concentric.net/~bhausman
Essexville, MI 48732 http://homepages.go.com/~zoot14/zoot14.html
ICQ UIN 4862265

If you have to mic a saxophone, the rest of the band is too loud.

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