White House: Internet sales tax ‘will level the playing field’

[Heebie Jeebie]

No, a state you have done no business in can not audit you.

Considering that is waht I said then move the marker.

 

[sangha]

Not by much.

So a 2-4% reduction in profits is insignificant even if you assume there is absolutely no labor ever involved, which is a pretty big assumption, in setting it up, monoriting it to make sure it is working and making sure you are fully compliant.

No, it's not very significant, and prices will come down due to increased demand and competition from other vendors.

As far as monitoring, setting it up, etc, the costs are minimal.

 

[Heebie Jeebie]

What I find funny is all this is how the supporters of the tax are claiming that it will help the local mom and pop businesses by leveling the playing field. Mom and Pop aren't the one's losing business from internet sales, it's companies like Home Depot, Wall Mart, Staples and Best Buy that are the one's losing out. So now you can have the privilege of supporting your local big box store in the name of saving Mom and Pop by paying a little more.

 

[Heebie Jeebie]

No, it's not very significant, and prices will come down due to increased demand and competition from other vendors.

As far as monitoring, setting it up, etc, the costs are minimal.

Really a 2% reduction in profits isn't significant to a company with 3 employees? Exactly what do you think they get paid from?

 

[sangha]

Really a 2% reduction in profits isn't significant to a company with 3 employees? Exactly what do you think they get paid from?

No, it isn't.

If a business can't deal with a small % change in profitability, then it was a marginal concern all along.

 

[Heebie Jeebie]

No, it isn't.

If a business can't deal with a small % change in profitability, then it was a marginal concern all along.

Right because profit is so easy to generate.

You don't have much experiance working in a small business do you.

 

[sangha]

Right because profit is so easy to generate.

You don't have much experiance working in a small business do you.

No, it's right because profits are hard to generate. If a business can't handle a small % drop in profitability, then it's not a viable business because variability is the only certainty in business.

You've made it clear that you have little experience running small businesses. I, on the other hand, have owned and operated several, and (semi) retired on the profits. Several have been web-based businesses.

 

[captainawesome]

If you are a retailer you should be required to collect sales tax. If you can't then don't be a retailer.

 

[Heebie Jeebie]

I, on the other hand, have owned and operated several, and (semi) retired on the profits. Several have been web-based businesses.

I seriously doubt that the way you dismiss costs and being unimportant.

But it's the internet. I'm a billionaire businessman. Now disprove it.

 

[Heebie Jeebie]

If you are a retailer you should be required to collect sales tax. If you can't then don't be a retailer.

Should you be compensated for doing work for the governemnt?

 

[captainawesome]

Should you be compensated for doing work for the governemnt?

Is best buy or Kroger? Treat all retailers the same.

 

[jonny5]

Im confused as to how this levels the field, given the bill only applies to some businesses based on size.

 

[jonny5]

If you are a retailer you should be required to collect sales tax. If you can't then don't be a retailer.

They are required to collect sales tax in the states where they operate their business, and thus use public services. A business in florida, selling a stereo to someone in Alaska does not cost Alaska anything.

 

[captainawesome]

They are required to collect sales tax in the states where they operate their business, and thus use public services. A business in florida, selling a stereo to someone in Alaska does not cost Alaska anything.

They use roads to deliver the product. If the product is faulty and does harm it will use their courts.

 

[jonny5]

They use roads to deliver the product. If the product is faulty and does harm it will use their courts.

They pay a company to deliver the product. The company pays gas taxes and inspection fees, etc in the state where the delivery happens. The delivery company also has a physical presence in the state and pays taxes locally. If a product is faulty, and involves interstate commerce it will be in a federal court.

 

[captainawesome]

They pay a company to deliver the product. The company pays gas taxes and inspection fees, etc in the state where the delivery happens. The delivery company also has a physical presence in the state and pays taxes locally. If a product is faulty, and involves interstate commerce it will be in a federal court.

All retailers should collect taxes.

 

[Heebie Jeebie]

Is best buy or Kroger? Treat all retailers the same.

My question is should businesses be compensated for doing the work they are required to do for the governmnet, that is collect and send in tax money? You wouldn't expect a person to do it for nothing would you?

 

[Heebie Jeebie]

Im confused as to how this levels the field, given the bill only applies to some businesses based on size.

It doesn't level anything. It's just an incorrect reason supporters of the bill use.

 

[captainawesome]

My question is should businesses be compensated for doing the work they are required to do for the governmnet, that is collect and send in tax money? You wouldn't expect a person to do it for nothing would you?

Business has to follow the law. The law is collect taxes. So collect taxes.

 

[jonny5]

All retailers should collect taxes.

All trade should be tax free.

 

[captainawesome]

All trade should be tax free.

Well ask your rep to write that bill.

 

[sangha]

I seriously doubt that the way you dismiss costs and being unimportant.

But it's the internet. I'm a billionaire businessman. Now disprove it.

I did not dismiss anything.

 

[sangha]

My question is should businesses be compensated for doing the work they are required to do for the governmnet, that is collect and send in tax money? You wouldn't expect a person to do it for nothing would you?

It is an obligation, and is not compensated

Of all the wackadoo ideas posted, claiming that people should be paid for filing taxes is one of the wackiest

 

[OpportunityCost]

All trade should be tax free.

That wasnt even true when the country was founded!

 

[Arbo]

It's a tax levied by the state you live in for purchases you have made.

Yes, that is the problem. Colorado has no right to collect taxes for purchases I make that are not in Colorado. As I said before, I drive to a different state and buy something in a brick and mortar shop, they don't ask what state I am from and collect taxes for that state and turn them in. Thus to make online merchants do it is not 'leveling the playing field', it is simply the federal government buying off states with the promise of more tax revenue.

It has nothing to do with 'fair', it has everything to do with greedy government.