Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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I'm sure the EBay folk understand this better than I, but it is not clear to me how this would affect them. Ebay doesn't seem to sell anything it just acts as a conduit. They don't even collect any payments. Ebay seems more like the for sale posts here on TOTV. You do see listings on Ebay that say tax is due if the bidder lives in Calif or wherever the seller is located so apparently some system already exists to add tax when it is required and it is the seller, not Ebay, who calculates the payment due. I do have to laugh at the idea that we should call it a small business until it sells over 10 million a year. According to the bill's sponsors in the link you provided, as written with a 1 million exemption it will only hit 1000 businesses. I wonder how few it would be at 10 million. Last edited by Moderator; 04-25-2013 at 09:22 AM. Reason: deleted political comment |
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#32
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In addition to the correct response already posted that this is not a new tax nor an increase, I am very certain that both parties clearly have stated that a goal is the elimination of loopholes and going after tax avoidance schemes. Seems to be they are trying to do exactly what they promised.
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#33
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It seems the small business man who has a brick and mortor location is at a disadvantage to the online sellers.
I go to his store and buy a $100 item and pay $7.00 in sales tax or go on line and buy the same item for $100, no tax and free shipping. This business man will eventually, and are, going out of business. This change in the law will help even the playing field. |
#34
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#35
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The bill requires that any state which chooses to implement a requirement for collecting this tax also provide for free the software needed to simplify the merchants job in correctly managing the amount of tax... From the bill: (D) Provide-- (i) adequate software and services to remote sellers and single and consolidated providers that identifies the applicable destination rate, including the State and local sales tax rate (if any), to be applied on sales sourced to the State, I would think this could be as simple as an app where the seller enters the charges and the zip code for shipping and it gives the correct additional sales tax to be added. Additionally it is very clear that the merchant is required to remit the total tax to a single entity in the state not to each locality. The state would be responsible for distribution to each locality. (A) Provide-- (i) a single State-level agency to administer all sales and use tax laws, including the collection and administration of all State and applicable locality sales and use taxes for all sales sourced to the State made by remote sellers I do foresee the possibility of companies adding tax and never remitting it to the state. I know that already occurs with brick and mortar companies. |
#36
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It would be a bookkeeping PIA, 50 tax returns a month????
It's bad enough doing one now.
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Nova Water filters |
#37
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Ebay takes a 15% commission out of every sale, they absolutely collect the money.
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Nova Water filters |
#38
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The seller places a product on the Ebay website and pays Ebay for the use of the website to place the object up for sale. When the object sells the seller and buyer have to come to an agreement on how the product will be paid as listed on the site this may include: PayPal, Bill Me Later ,Credit cards and debit cards, Skrill, ProPay, Pay upon pickup, Escrow, Other payment methods So Ebay collects a listing fee from the seller as well as usually 10% not 15% of the sales price. If it makes any money from Paypal which it certainly does, that is not from selling a product. Again, given this business model it is not clear to me why Ebay would be involved in the collection of sales taxes although I understand why they may wish to represent their sellers in the discussion |
#39
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If it's not clear it's because U may not be a volume online seller, your facts R a bit incorrect.
Amazon and ebay are and will be responsible for sales tax collection where applicable. I've been doing this since 1997. I really don't wish to debate this with U.
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Nova Water filters |
#40
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I have homes in Delaware and The Villages and Delaware has 0% sales tax. With all the government waste and tax loop holes don't you think that a flat tax on consumption would even the revenue stream for the government and make it a more fair system? Internet sales taxes would be equal for those who purchase no matter where you live or have products delivered!
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#41
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When I lived in Japan, they had a 5% consumption tax on everything. Even if you had something shipped from the States or elsewhere, customs would tack on the 5%. In Europe (specifically in Germany), they have the Value Added Tax (VAT), which is currently 19% on almost everything you consume.
However, both these countries have far more taxes than the US. Consumption tax is just another tax, just like the internet tax would be....no tax relief in either. |
#42
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There is a much simpler way to tax Internet sales without the million dollar exception and the burden on sellers or buyers.
The simplest way is to make the tax law apply to online credit/debit card purchases. You see, every business that accepts a payment by credit card will use an online credit card processing company. So they could pass a law that requires these processing companies to deduct the sales tax at the time of processing and credit the net after tax amount to the seller. Only the card processing companies would be required to track and reimburse the states appropriately. And one of the biggest card processing companies is PayPal. Every mom and pop online merchant or e-bay seller that uses them would automatically be covered without having to change a thing or report any sales tax activity at all.
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Formerly EdVinMass |
#43
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This bill has been shelved until after the senate comes back from next week's vacation.
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#44
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#45
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As far as fairness goes, online shopper pay shipping which is most often equivalent to the sales tax amount. Parity is already in place. Even when shipping is paid by seller, it is built into the price. Brick and mortar stores will not see an increase in sales from this. The government may see an increase in income, but those that think the U.S. debt will decrease are dreaming.
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Real Name: Steven Massy Arrived at TV through Greenwood, IN; Moss Beach, CA; La Grange, KY; Crystal River, FL; The Villages, FL |
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