Taxes are a pain. I believe it will
probably be taxing only to the state level, and not county and
city. I do not know how this would work. Do you have to register
your tax id in every state? File paperwork in every state? How do
states know that you have made transactions within their borders?
This seems like it would be a logistical nightmare. I remember
when I had an operation in TX, that was a headache and a half. I
cannot image nationally.
Gilbert
On 5/7/2013 8:48 AM, keith smith wrote:
The U.S. Senate passed the Internet Sales Tax Bill. Jeff
Flake's office says he voted against it and John McCain's
office said he voted FOR it.
It is being reported there in some 9,600 taxing
authorities in the U.S. Add to that 560 or so Indian
tribe taxing authorities. That is over 10,000 taxing
authorities. Yikes!! Any company with 1 million in sales
will be required to comply. I can tell you that a company
that has 1 million in sales is not a big company. That
online retailer might consist of 2 or 3 employees with
some additional help from a number of consultants and
potentially a fulfillment center.
From first hand experience, I would say this law, if
passed by the U.S. House, will cause a bunch of small
online retailers to either go out of business or reduce
sales through raising prices or some other method.
This may very well play out like ObamaCare where companies
are reducing the hours of their employees so they have
less than 50 full-time employees. In other words we will
experience the unintended consequences of these laws.
These polices effect each of us.
------------------------
Keith Smith |
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