For those of us that buy or sell anything online and don't want to be audited by 50 states plus, please take notice to the new internet sales tax that is going through fast right now!! Spread the word, call your congressman, this will put all small vendors out of business most likely, don't let it happen guys!!
The tax rate has been too low for too long. Its common knowledge that American's are not willing to give up anything taxes provide and want the pre 1981 services and regulations restored.
As demonstrated by the resent failure of the House to pass reasonable gun registration, or any meaningful legislation, its very clear our Government has been unable to represent the people for some time. The inability for a simple majority to carry any motion has the world laughing at our once admired government.
Under this current climate of corporations holding trillions off shore, using our infrastructure and paying nothing, one wonders if a tax increase to the people is an equitable solution.
+1 Charles1dad If I knew all the lying scumbags in office would do the proper thing with the money I might feel differently. Do we really need a new tax on ANYTHING?
No way! We pay a multitude of taxes already.The mindset of this country is really changing to support an ever larger and greedier federal government that spends recklessly. Citizens are better off when more of their money stays in their pocket. Regards,
It's kind of a double edged sword. If it goes through, some states could I suppose be hurt if all of the sudden online purchases slow down because the price differential won't be advantageous anymore. If that happens, and you have a company in your state that loses a lot of online business, their profits will fall and all of the sudden their contributions to the state via corporate income tax will fall as well. The 64k question in this case would be would those lower corporate income taxes be offset by the increases in sales tax revenue. No way to tell at this point, but it could turn into a situation of "be careful what you ask for."
I gotto go with yes on the tax. The folks working out of their home with a high-falootin' web site are closing the mom and pop stores in our town. The home office sellers pay no rent on commercial property, no sales tas, no use tax, no unemployemnt tax, no workers comp, no disability and probably don't claim a whole heck of a lot in income tax. And tax the heck out of Amazon & Ebay. I am talking new products here. Not the re-sellers of used items. So guess who's covering their asses? You and I folks.
I agree with Tim. (on everything) I will say that maybe if I looked at my check stub and didn't feel like what I pay in was absurd, I'd feel better about paying online tax. As it stands, if I never paid any online tax, I still pay more than my fair share. Uncle Sam taxes me when I earn it, they tax me when I spend it. The tax on a pack of smokes is crazy. Alcohol too. How about gas tax? When I pay in too much, and get a refund, I have to claim that and get taxed again. In the end, I probably pay in 50% of what I earn to some form of tax. I'm sorry if I "neglect" to claim what I buy online. My bad.
AFAIK tax on out of state purchase is illegal. Because of that my state (Illinois) collects "use tax" - different name of the same thing. Since I don't remember what I bought where I use option of paying fixed "use tax" proportional to gross income. I found this:
"What Are Use Taxes
As a general rule, a state's taxing power reaches only as far as its borders. What this means for sales tax purposes is that a state cannot impose its sales tax on retail sales that are consummated in other states. Because states can tax only transactions within their borders, there is a big loophole from the perspective of the State Department of Revenue. A state's residents could avoid paying a state's sales tax by making their purchases outside the state, either by crossing the border to an adjoining state or by making purchases via the Internet. To close this loophole, each state that has a sales tax also has a complementary "use" tax. The use tax applies to the "use, storage, or other consumption" within the state of tangible personal property, the purchase of which would have been subject to the sales tax had the transaction occurred within the state."
It is incumbent on the feds to figure out a sane way to implement this. The state i live in requires one to claim anything bought sales tax free. I think I am probably the only one in the entire state who actually does this, therefore, the honor system appears to not be working. Hence this move.
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