OT: Internet Sales Tax Passes the U.S. Senate
JD Austin
jd at twingeckos.com
Wed May 8 09:21:26 MST 2013
I didn't say it was insurmountable I sad it was an additional burden that
increases overhead and as a result the second and third order effects will
result in lower wages, job loss, and in some cases the business closing.
It is great you dealt with it for THREE states; how about 50?
If this passes be sure to budget extra funds to deal with state audits.
How Many Audits Are Coming to the Net?
The backers of the Senate Internet tax bill don't seem to know.
http://online.wsj.com/article/SB10001424127887323628004578457030883341340.html
On Wed, May 8, 2013 at 9:01 AM, Lyle Tuttle <l.tuttle at cox.net> wrote:
> At 05:16 AM 5/8/2013, JD Austin wrote:
>
> I'm calling a little BS on your over simplification Bryan; you certainly
> DID NOT have to deal with more than one one state's sales tax rules unless
> you had a physical presence there.
>
>
> 1. I own a business that is head quartered in one state, but does the
> majority of our business in a total of three states....and some Nation-wide
> as well. We do well over $1 Million/yr.
>
>   There are even different rates for different kind of sales; it is
> not a simple thing at all and is disingenuous to pretend it is. Just
> having to deal with periodic tax updates alone on a national level is a
> burden unless you're a huge company like Amazon.  Imagine having to pay
> More than you collected because it wasn't up to date.
>
>
> 2. We have to deal with the different State, City and other "Special"
> taxes depending on where our customer lives - it is all sorted/calculated
> by zip code. We have (and have for years!) software that adds the tax on
> the customer's bill; tallys it up in a report for us, and even prints out
> the paperwork required to submit the money.......SOME OF WHICH WE GET TO
> KEEP TO PAY FOR OUR 'WORK'......
>
> Â Â How would you send that money to each state?
>
>
> 3. Electronic transfer.......
>
> Â Â Would a business need a bank account for each State like they do for
> just a single one?
>
>
> 4. Why? We have no "special" bank account for the tax monies
> collected.......
>
>
> 5. Please do not get the impression that I like these taxes; I do not!
> (The taxis not as bad as what they spend it on!!!) I am merely pointing
> out that this is not an unsurmountable task - yes, it is a pain, but it is
> just a part of doing business. Remember, every time you buy something from
> out of state, YOU are supposed to remit that tax on your State form at tax
> time.....but no one (ok, maybe one person??) does. How can we condone
> breaking the law on this? If we do not like it, then we should change the
> law; for us to encourage breaking the law puts us in a position (IMHO) as
> partners with Eric Holder.
>
> I am more fearful that this might be the nose of the camel under the edge
> of the tent, ie, once these bozos in DC find they can control/get money
> from the internet - Katie bar the door!
>
> lurker lyle
>
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