Skip to comments.Get Ready To Be Taxed on Internet Purchases
Posted on 04/23/2013 1:54:01 PM PDT by Jean S
Proposed Internet sales-tax legislation received a huge boost on Monday when the White House officially backed the bill, saying it would level the playing field among online and retail stores by ensuring that both pay sales taxes.
Today, while local small-business retailers follow the law and collect sales taxes from customers who make purchases in their stores, many big-business online and catalogue retailers do not collect the same taxes, White House press secretary Jay Carney. This puts local, neighborhood-based small businesses at a disadvantage to big, out-of-state, online companies.
Now, the Senate is scheduled to debate the Internet sales-tax legislation for the remainder of the week, and the bill is largely expected to pass (a similar, nonbinding amendment was approved weeks ago, 75-24).
The so-called Marketplace Fairness Act would allow a state to collect sales tax on Internet purchases made by its residents, even if the Internet company has its headquarters in a different state. It would exempt online companies with sales of less than $1 million a year from collecting or paying the sales taxes, and it would add roughly $10.1 billion a year to local government coffers, according to the Congressional Research Service, at a time when most states are looking for any and all fiscal fixes.
But, the essence of the fight really pits industry against industry.
(Excerpt) Read more at news.yahoo.com ...
Yep. They're also co-sponsors! I just fired off an email to both of 'em expressing my extreme displeasure.
It's getting harder and harder to email those two because it's difficult not to cuss every other word. I keep having to delete and re-type. LOL!
this law is incredibly insane
Looks like another administration black market stimulus package.
Under my plan nobody making less than $250,000 a year will see any form of tax increase....Internet sales tax advances after Obama endorsement.
Fair to whom?
Certainly not customers.
Just what we need: another tax. :(
I totally agree, have been trying to do that lately.
FYI - A “Republican” Senator (Mike Enzi) from Wyoming is pushing this bill.
Sure seem to be a lot of laws being passed with exemptions. Whatever happened to equal protection under the law?
You forgot N. Korea. Interesting, now that I think about it - not a word about the fat little punk while all this !@##!#@ has been going on.
Is that what they're calling refusing the armed robbers demands these days ?
Well come onnnn the government has to be supported!
Am I perfect? Heck no! I don't keep track very well. But I do try to make a good estimate of my internet orders. I have learned from an acquaintance that it is better to do that than explain it on an audit someday.
Personally, I want to end sales taxes and have signed petitions to that effect. But I have little hope of that happening in Iowa. To much money.
“..to have interstate taxation?..”
You are correct, that is why until now, we haven’t.
It was more the attitude than the act.
With 10,000 tiny cuts each day, they vanquished the Leviathan of the age
not meant to sound preachy, just sayin' . . .
Heck, my Senator is one of the co-sponsers - we got rid of Blanche Lincoln to install a POS RINO?!?! I am furious about this. Wal Mart wants it, so he co sponsored it.
This is going to provide an incentive to build data centers and distribution centers a stones throw from either the Mexican or Canadian borders, or even moving operations offshore completely. This will have a negative impact on jobs, other than the increased government critters that each state hires to shove compliance audits down everyone's throat.
I self-report my purchases and pay taxes to the state, and always have. I realize that the majority of people don't, but at the same time, I don't pay my local taxes when I drive across the border of MO or OK to purchase anything at a lower tax rate (AR has one of the highest average sales taxes - 8.5%). Brick and mortar retailers cry about people coming in to browse and then purchase on-line, what about all of the people that do research on-line and then purchase at a brick and mortar retailer? Aren't the brick and mortar retailers gaining an advantage based on the assets (web) of web retailers? Amazon stands to make a fortune by selling the compliance software - which they already have completed. They will subcontract the checkout services from other web retailers and turn a handy profit.
Yes, I was just going to mention Amazon.
Increasingly, we (and millions o others)
have discovered it’s the most reliable and quickest way
to buy practically ANYTHING. Amazon provides a growing source
o$ extra customers to all those small business retailers you mention-—so this bill is just another way o$ PILING TAX UPON TAX, which has been their practice since time immemorial.
“add roughly $10.1 billion a year to local government coffers,”
Actually it will add many more businesses under $1 million, when you add in Obamacare mandates.
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