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Sageworks, a financial information company, analyzed gross margins and cost of sales, or cost of goods sold, for privately owned clothing stores (NAICS code 4481) between 2007 and Oct. 18.
FORBES: Cotton's Pinch on Clothing Stores Continues
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Tax time will never be pleasant, but making form preparation easier, understanding better how government spending buys useful goods and services, and re-examining the tax expenditures in our tax code at least can mitigate our tax pain.
CNN: 3 ways to relieve our tax hangovers
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Since drilling wells is the only means of finding oil and natural gas, IDCs essentially amount to what any other industry would be able to deduct as a part of its cost of goods sold, a concept of accounting and tax law as old as the tax code itself.
FORBES: Oil & Gas Tax Provisions Are Not Subsidies For "Big Oil"
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Billions are already made from in-game purchases of virtual items that are little more than code, but with amounts like this being shelled out, we could see a bigger push toward virtual goods being worth real money.
FORBES: Virtual Entropia Universe Property Sells for $335K Real Dollars