So that means internet companies will have to collect taxes for 50 states, which in reality puts extra burdens on them as a company. I can already see the problems arising from this. If you have stock in EBAY, Amazon or some other internet sales company, dump them quick I would think. I think they will be in for a rough ride.
eBay might see some impact. Amazon won’t see much.
As for the “complexity” of sussing out the taxes, there’s already a free service that will give you the details on sales taxes:
Pud easy. As I indicated up-thread, most small online retailers don’t handle coding their own:
- credit card billing, PayPal (or other payment), etc.
- shipping
- sales taxes
- shipping insurance.
There are services available that simply do all that stuff for you, you just plug their modules into your shopping cart and you’re done. I’ve been looking into this for online sales for our new business, and it’s a rather well travelled road now.
How will the online taxes that are collected get funneled down to the local level?