Re: textbook prices

["Rauber, Joel Phys" <RAUBERJ@mg.sdstate.edu>]

And its worse than increased cost.  This is also why, (I speculate), books 
seem to go out of print more quickly, i.e. decreased availability.  So this 
legislation (i.e. IRS tax code, as reinterpreted by courts) has caused 
scholarly books to be more expensive and less available; presumably making 
things more difficult for our research and educational competitiveness.

Joel
 ----------
From: David Dockstader
To: QuistO; RAUBERJ; phys-l
Subject: Re: textbook prices
Date: Wednesday, February 25, 1998 4:11PM

I can verify the part about taxes.  In general once a product is produced 
the
I
RS requires it to be valued at wholesale price rather than cost of materials
and labor.  Thus, once it is produced the potential profits must be 
declared.
At the same time, since selling costs such as sales rep comissions 
discounts,
etc. have not yet been paid they can not be deducted.  Another case of well
intentioned legislation not being well thought out and producing an 
increased
cost for consumers.
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