OT: Internet Sales Tax Passes the U.S. Senate

[Lisa Kachold]

Keith:

On Tue, May 7, 2013 at 8:48 AM, keith smith <klsmith2020 at yahoo.com> 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.
>

Yikes, yes!  And that will provide the revenue to expand Internet
government regulation and compliance.

Sadly, it had to happen.


> ------------------------
> Keith Smith
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