Internet taxes? Not so fast.
A bill that would let states collect Internet sales taxes from online retailers and their customers may have sailed through the Senate, but it is expected to face much more resistance from tax-wary Republicans in the House.
Though the Marketplace Fairness Act, sponsored by Sens. Richard J. Durbin, Illinois Democrat, and Mike Enzi, Wyoming Republican, is a bipartisan bill that is backed by more than 20 House Republicans, supporters and opponents both agree it will be a “harder fight” in the House with billions of dollars in future e-commerce at stake.
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I bet that devil O'malley is rubbing his hands together hoping he can get his hands on that tax money.
ReplyDeleteThis will be the end of small businesses They are struggling now just to make a living adding the burden of the tax and all the paperwork that is hidden in this bill spells the end for them.
ReplyDeleteThese democrats say they want to help businesses, but the fact is they don't have a clue and this is a sure fire way to put a stop to "free enterprise" and enter in the era of government controlled businesses from by this administration.
This is wrong and an attempt to pull the wool over all of our eyes. Don't fall for it.
12:57 This is not about small businesses but about giants like Amazon that hurt local business which have to collect the tax while they do not.
ReplyDeleteNo, 1:12, it is not. Put yourself in the shoes of a small internet retailer; maybe you, your husband, and a couple of part time box stuffers. Taking the orders, printing labels, buying shipping materials and restocking merch. Along comes this "Fairness" tax.
ReplyDeleteNow you must look up each states' tax rate, apply it to each sale, and when it's collected, deposit to the FIFTY DIFFERNT bank accounts, then monthly or quarterly or whenever, differing by state, fill out that state's tax forms, write 50 checks, and send out 50 mailings on top of the ones for your business! Does Joe's diner have to do this? The corner flower shop? NO.
So, you are about to get hosed, and it's all in the name of "FAIRNESS"!
This is a BAD law.
1:40
ReplyDeleteIf you read further into the article it states that there are 9600 tax jurisdictions. How can any small business figure that out. I guess in some states each county has a different tax added to their state tax. This has really become a nightmare. No way a small business can do this.
How is one not going to be tempted by the lower prices that the Big Box Stores offer. You find a similar product in a small run establishment marked up 10 times higher than you would in a Big Box Store. Its a sad fact that small business have to suffer as a result.
ReplyDeleteWe just leave Maryland and go to Delaware to buy our major items. No sales tax and no OWEMalley.
ReplyDelete1:54 "Big Box Stores", as you put it, have nothing on the internet free market. I laugh at WM prices, as I typically can buy 2-3 of the same item for what WM sells 1 for. That is from relatively small companies who only sell online, versus having the BS that comes with a brick and mortar store front.
ReplyDeleteAmazon (or any other large internet marketplace) will not feel any effect from this bill, it will be the little guys who get shut down. The guys who can't afford to hire an accountant and legal team to sort through the government crap.