Spot77 - There is also an extra tax added to all fishing gear by the feds.
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There is also a 10% excise tax on the manufacture of fishing gear:
http://www.irs.gov/publications/p510...link1000117228 |
I wonder if all of these local lure makers are aware of the federal taxes? I see a LOT of local soft bait manufacturers at shows...I can't imagine they make any money on this stuff.
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