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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