Posted on 04/23/2013 1:54:01 PM PDT by Jean S
Proposed Internet sales-tax legislation received a huge boost on Monday when the White House officially backed the bill, saying it would level the playing field among online and retail stores by ensuring that both pay sales taxes.
“Today, while local small-business retailers follow the law and collect sales taxes from customers who make purchases in their stores, many big-business online and catalogue retailers do not collect the same taxes,” White House press secretary Jay Carney. “This puts local, neighborhood-based small businesses at a disadvantage to big, out-of-state, online companies.”
Now, the Senate is scheduled to debate the Internet sales-tax legislation for the remainder of the week, and the bill is largely expected to pass (a similar, nonbinding amendment was approved weeks ago, 75-24).
The so-called “Marketplace Fairness Act” would allow a state to collect sales tax on Internet purchases made by its residents, even if the Internet company has its headquarters in a different state. It would exempt online companies with sales of less than $1 million a year from collecting or paying the sales taxes, and it would add roughly $10.1 billion a year to local government coffers, according to the Congressional Research Service, at a time when most states are looking for any and all fiscal fixes.
But, the essence of the fight really pits industry against industry.
(Excerpt) Read more at news.yahoo.com ...
It wasn’t just about the tax on tea.
I am all for tax advoidence. I do not support tax fraud.
Correct, hence : It was more the attitude than the act
'Fraud' vs Armed Extortion
decisions, decisions .. !
Amazon UK
First they gotta get this established, then they can worry about making taxes retroactive to when Algore invented it.
If you drive a car, I’ll tax the street,
If you try to sit, I’ll tax your seat.
If you get too cold I’ll tax the heat,
If you take a walk, I’ll tax your feet.
It’s not a Federal revenue bill, so it can be introduced in the Senate.
The federal government isn’t getting any of the proposed tax, so if it reduces postal revenue then all it’ll do is move revenue from the Feds to the states... which is a virtuous thing IMHO. Most local governments survive on sales tax. The closer that tax is collected to its eventual destination, the fewer hands it passes through, and the larger the portion that actually passes through the system.
Hey, now we’ve closed the circle. We have the small business people complaining about the bill even though it won’t apply to them, and the non-small business people complaining because the small business people are being excluded. If we could get both sides in touch with each other, we could create perpetual motion.
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