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Senate passes Internet sales tax bill.

Discussion in 'The Okie Corral' started by Detectorist, May 6, 2013.

  1. Detectorist

    Detectorist

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  2. HollowHead

    HollowHead Firm member

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    This is good news. HH
     

  3. Joshhtn

    Joshhtn The eBay Guy Silver Member

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    I own a small online business... It is not good news, nor does it make any sense to me. :dunno:
     
    Last edited: May 6, 2013
  4. elsolo

    elsolo

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    Surprised it took them so long
     
  5. Detectorist

    Detectorist

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    Relax. It's for retailers with sales over $1,000,000.

    Are you one of them?
     
  6. Joshhtn

    Joshhtn The eBay Guy Silver Member

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    Not yet, but that's the goal, and it's not far off... Besides, how long until they cut that million in half?

    On a side note... I'm as relaxed as they come. :cool:
     
    Last edited: May 7, 2013
  7. Bushflyr

    Bushflyr ʇno uıƃuɐɥ ʇsnɾ Millennium Member

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    No, this is not a good law. Not good at all. Fortunately it looks unlikely to pass the house.
     
  8. kostnerave

    kostnerave

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    Guess your name says it all.
     
  9. engineer151515

    engineer151515

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    Not long at all.


    Exactly how most taxes start. Small. Only the rich. Yada yada yada.

    Just another money grab. Pure tax increase.
     
  10. Rabbi

    Rabbi The Bombdiggity Lifetime Member

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    It doesnt take much to have sales over 1,000,000.

    If you can eek out 5% net margins (margins can get thin online) that means you made 50 grand.

    In a lot of cases, for 50 grand a year, it might be a lot easier to have been a nurse or fireman.
     
  11. *ASH*

    *ASH* FURBANITE

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    :rofl::rofl::rofl::rofl:
     
  12. captainstormy

    captainstormy

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    I get why they want to do it. But I really don't think its practical for any business to try to charge tax for each customer they sell to outside of their state.

    Even if we are just doing it at the state level (some cities have sale taxes too) that's still 50 tax codes every business has to keep up with.

    Sent from my Galaxy Nexus using Tapatalk 2
     
  13. HollowHead

    HollowHead Firm member

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    :rofl:

    HH
     
  14. Detectorist

    Detectorist

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    I'm guessing Internet retail net margins are much higher than 5%. The ones I know are doing about 20%-35%.
     
  15. HarlDane

    HarlDane

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    There is software that will do it for you, just punch in a zip code and it can compute taxes.
     
  16. HarlDane

    HarlDane

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    There is no increase in taxes, only a change in how they are collected.
     
  17. HollowHead

    HollowHead Firm member

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    It's amazing how so many don't get this. HH
     
  18. captainstormy

    captainstormy

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    I'm aware of that, I write software for a living. There are a lot of costs that go along with it. The licenses and yearly updates aren't free. Not to mention the hardware to process it and integration into existing systems.

    Sent from my Galaxy Nexus using Tapatalk 2
     
  19. Tiro Fijo

    Tiro Fijo

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    And this is a big surprise from a DemoRat controlled Senate? :upeyes:

    Show me a tax that a Liberal doesn't love. :wavey: