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LOWinLA
Reply with quote  #1 

Proponents of the law claim that there is software that can automatically apply sales taxes. However, anyone who has ever dealt with business software knows that no program is foolproof. Any mistakes made by the software, or even errors in installing it, could result in a small business being subject to expensive and time-consuming audits.

Some say that it is a legitimate exercise of Congress’s Commerce Clause power to give state governments the authority to force out-of-state businesses to collect sales taxes. But if that were the case, why shouldn’t state governments be able to force you to pay sales taxes where you physically cross state lines to make a purchase?

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BobBarney

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Supreme Court lets states force online retailers to collect sales tax

WASHINGTON, June 21 (Reuters) - States have broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes, the U.S. Supreme Court ruled on Thursday, siding against e-commerce companies in their high-profile fight with South Dakota.

The justices, in a 5-4 ruling against Wayfair Inc, Overstock.com Inc and Newegg Inc, overturned a 1992 Supreme Court precedent that had barred states from requiring businesses with no "physical presence" in that state, like out-of-state online retailers, to collect sales taxes.

The ruling opens the door to a new revenue stream to fill state coffers - up to $13 billion annually, according to a federal report - while imperiling a competitive advantage that e-commerce companies had over brick-and-mortar rivals that already must collect sales tax.

Shares of online retailers fell sharply following the ruling, with Wayfair down 3.8 percent, Overstock off 2.1 percent and Etsy Inc shares off 4.4 percent. Amazon.com Inc shares fell as much as 1.9 percent before paring losses. Amazon was among the biggest drags on the benchmark S&P 500 stock index.

https://www.aol.com/article/news/2018/06/21/supreme-court-lets-states-force-online-retailers-to-collect-sales-tax/23464795/

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Unregistered
Reply with quote  #3 
The sales tax is the only thing that many states depend on for their $$$$.  With this in mind, I still support a ban on internet sales tax for small businesses.
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BobBarney

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Reply with quote  #4 
BEWARE!!!!   This would crush small business:

Internet Sales Tax Legislation and Litigation Hit The States

This year alone, 30+ bills have been introduced at the state level attempting to collect sales taxes from remote retailers.

 Learn more

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tammybarney

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Reply with quote  #5 
some GOOD NEWS....

Internet Sales Tax Ruled Unconstitutional By Illinois Supreme Court


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Tammy Barney

2 Chronicles 7:14                

If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
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BobBarney

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Reply with quote  #6 

Internet Sales Tax Could Crush Small Businesses

 
[internet-sales-tax-630x286]
Dr. Ron Paul

One unique aspect of my homeschool curriculum is that students can start and manage their own online business. Students will be responsible for deciding what products or services to offer, getting the business up and running, and marketing the business's products. Students and their families will get to keep the profits made from the business. Hopefully, participants in this program will develop a business that can either provide them with a full-time career or a way to supplement their income.

Internet commerce is the most dynamic and rapidly growing sector of the American economy. Not surprisingly, the Internet is also relatively free of taxes and regulations, although many in Washington are working to change that. For example, earlier this year the Senate passed the Marketplace Fairness Act, more accurately referred to as the national Internet sales tax act. This bill, which passed the Senate earlier this year, would require Internet businesses to collect sales tax for all 10,000 American jurisdictions that assess sales taxes. Internet business would thus be subject to audits from 46 states, six territories, and over 500 Native American tribal nations.
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