Glenn,
Just got back from a morning of fishing and cleaning lunch. -g- I shouldn't even be on SI, but can't help myself since I think next week is going to be the time to place some big bets.
Regarding the B&T stock holdings and sales. I'm not trying to totally dismiss the significance, just that it can't be related to a stock payment for book purchases type of deal. I'll try and slog through Edgar next week to see if I can put it together. If you have done a quasi capital stock reconciliation please post it so I don't have to re-create the entire wheel.
R.E. Sales Tax. The technology which is allowing e-commerce will also take care of the tax issue. GTW and others got their balls squeezed by the states because of the little item called USE tax, the evil twin of sales tax. Have you ever encountered a person that filed a use tax return for all their mail order purchases, as required by law? -vbg-
Normally it is not cost effective for states to go after people for use tax, but when the item purchased has enough $value to effort expended ratio, look out. States went after cars long ago, since it was easy due to title registration, then boats, then capital equipment additions showing up on companies' depreciation schedules, then furniture out of the North Carolina outlets, then personal import duty declarations from ports of entry, ...... now mail order computers. You boys better collect and pay use/sales tax for shipments into our state; we know we can't go after you legally but we can subpoena your sales records and send a tax deficiency and audit notice to your customers! How do you think they will like that? Gulp! -nfg-
And so it goes, ain't progress great? -g-
Regards, IS |
