…five years after lawmakers tweaked South Carolina’s sales tax policy, state revenue collectors now say that service providers — people who repair equipment, fix cars and maintain boats, for example — should levy a sales tax on their services.
Charging a tax on those services, which are typically thought to be tax-free, could affect thousands of businesses across the state as the state begins enforcing the policy.
Greenery Gallery is caught in the crossfire. Its bill for five years of back sales taxes came to $41,971.16, a substantial amount for a company that brings in about $500,000 in annual revenue.
Just as we see more mortgage payers ceasing to make payments on their mortgages, laws like this will push more of these folks into the underground economy where they will only work for cash.
yep that’s what happens in Europe.