Point of Sale Tax Reporting and Automatic Collection System With Tax Register

Abstract

A point of sale tax reporting system including a smart tax register located at a retailer location. The retailer smart register processes consumer transactions and calculates the amount of sales tax due the retailer by the consumer for each transaction. After the sales tax is paid to the retailer by the consumer, the register either immediately or periodically forwards the amount of the transaction and the amount of sales tax collected by the retailer to a computer and memory located at a remote location, such as a state government taxing authority.

We claim: 
     
         1 . A point of sale tax reporting system in an environment where a consumer purchases goods, the point of sale tax reporting system comprising:
 at least one tax register located at a merchant or retailer location, said at least one tax register for processing consumer sales transaction data at the retailer location and computing use tax data to be paid to an appropriate state agency based upon at least one of the location of a consumer and where the purchased goods are to be shipped, said at least one tax register forwarding said transaction data and use tax data to one of the state agency and a credit card processing company for processing, the consumer goods being purchased with at least one of a credit card, a debit card, and any form of electronic payment, said at least one tax register being configured to issue a tax stamp receipt to the consumer as evidence of tax paid for attachment to a parcel;   a first computer and corresponding first memory disposed at the state agency, the first computer and memory for receiving and storing the forwarded use tax data from one of the credit card processing company and a merchant at the retailer location; and   a first communication link connecting the tax register at the retailer location to the first computer and memory at the state agency, said first communication link for permitting the tax register to directly or indirectly forward the use tax data to said first computer and memory whereby the tax data from the retailer is automatically forwarded to the state agency and stored in the first memory in order to help enforce tax laws and prevent consumers or merchants from avoiding the payment of use tax.