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States (republican and democrat) are desperate for tax revenue.
It's going to be passed with bi partisan support.
I have amazon prime. So obviously we benefit a lot from no paying taxes. Will probably end up costing us $200-400 extra in sales taxes a year. We buy anywhere between $2000-5000 a year on online sales.
Let's get it pass but let's also hold the states responsible for what they actually do with the online sales tax revenue instead of dumping it straight into the general funds pot.
Tie it into public schools or useful program. But knowing states like California they will just funnel the sales tax money revenue straight to try to cover their pension deficit. Like throwing good money into a fire pit that won't help the state.
Not really. The convenience of buying things online remains. You do not have to go to the store and/or if that store does not carry the product you are looking for you can still purchase it online. Most of these stores are willing to add free shipping due to lack of quantity.
States (republican and democrat) are desperate for tax revenue.
It's going to be passed with bi partisan support.
I have amazon prime. So obviously we benefit a lot from no paying taxes. Will probably end up costing us $200-400 extra in sales taxes a year. We buy anywhere between $2000-5000 a year on online sales.
Let's get it pass but let's also hold the states responsible for what they actually do with the online sales tax revenue instead of dumping it straight into the general funds pot.
Tie it into public schools or useful program. But knowing states like California they will just funnel the sales tax money revenue straight to try to cover their pension deficit. Like throwing good money into a fire pit that won't help the state.
Every CAFR I have viewed has plenty of money in it. The govt should have thought of that before sending the jobs to China. The BK's that are occurring have to do with wanting to cut pensions so they can maintain the lifestyle they are accustomed to and cut that future expense that they see no benefit in.
CAFR's are public info, but people simply do not view them and instead read the BS headlines put out by the same companies shareholder controlled through govt. Why would they spoil a good thing when people fall for the game every time.
because if you buy something from cali..but live in texas...do you pay the SALES tax for where it is being bought from, or where you may or may not use it
too many hands want your money
That is really going to hurt NYC businesses. They pay over 8% sales tax.
this will certainly hamper the smallest fry selling used already taxed items on the internet... its sounds like the big fish are about to eat all the small fish.
Yep, they convinced the uneducated liberals that an "income" of $200K is the big banker and rich. That was a big hit against small business. Now if this get passed, small business will be hurt again. The customer will also have to pay it so it effects you, you will have to pay the tax remember.
If you ever dreamed of starting and running a business online was your opportunity, kiss the American dream goodbye.
It's been mentioned numerous times in this thread that this is not a new tax. It appears that you have comprehension issues as you keep suggesting this is a new tax. The customer is effected, but in a positive way. They no longer have to track their receipts as the tax is collected at the time of the transaction.
It's been mentioned numerous times in this thread that this is not a new tax. It appears that you have comprehension issues as you keep suggesting this is a new tax. The customer is effected, but in a positive way. They no longer have to track their receipts as the tax is collected at the time of the transaction.
From what I can see this is indeed a new tax. Read the bill. It describes that it is specifically. It is a tax on a remote sale. A whole new category, that current laws would not previously allow is being created.
Also small vendors that sell through marketplaces may very likely have to pay this because it will be on the vendor now to enforce dependent on software. The logistics of weeding out small vendors from large marketplaces will likely be too big of a headache. This has been shown to be the trend in the past with sales collection.
From what I can see this is indeed a new tax. Read the bill. It describes that it is specifically. It is a tax on a remote sale. A whole new category, that current laws would not previously allow is being created.
Also small vendors that sell through marketplaces may very likely have to pay this because it will be on the vendor now to enforce dependent on software. The logistics of weeding out small vendors from large marketplaces will likely be too big of a headache. This has been shown to be the trend in the past with sales collection.
It replaces use tax. Right now, when you purchase an item online, the seller does not collect sales tax and as a result you must pay use tax (which is the same percentage rate). With this new proposal, the seller collects sales tax, and you are no longer liable for use tax. Neither sales tax nor use tax is new and the consumer will not pay any more taxes than they used to.
A vendor with $1 million in sales is large enough to use a service provider that will update their software.
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