Politics & Current Events
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Re: Tax free internet shopping may soon be gone :(
Yes, I am aware of the $1 million dollar mark. But, please remember just because a business has $1 million in gross annual sales doesn't mean they are banking $1 Million. Yes, they might be able invest in the software just fine....but they are now open to audit by 50 more jurisdictions.
Seriously, why not just enforce the use taxes we already have?
Being open to audit doesn't mean you're actually going to get audited. And honestly, if you're running a business with $1M in sales, you ought to have an accountant anyway.
Why not enforce the use tax we already have? Because it would be enormously expensive (are you prepared to pay higher taxes to make sure this law is enforced?) and probably unworkable. How do you know who bought what online and how do you prove this? And don't you think that cracking down on people who buy off eBay and Etsy would scare those customers away big time? I hear about my friend who ended up with a $2,000 fine from the IRS for not paying tax on the fridge decal set she bought, and hell no, I'm not buying anything from Etsy anymore.
How is that good for the economy?
I love how they have dubbed this bill The Market Place ?Fairness? Act. I think it is more about Big businesses wanting to create barriers of entry for their small competitors.
Despite what you claim, a simple program does not exist to integrate 9600 different state/local tax jurisdictions tax rates to all websites. But for the sake of argument, let?s assume you are right you have software which can calculate all the taxes. Once the tax is then collected, it's the business owner who will now be responsible for file sales tax with 45 different state agencies, some get paid monthly, some quarterly, all different filing dates. Brick & Mortar will not have the same regulation, they can continue to charge one sales tax rate and file with their local agency, sounds like market place fairness to me? But, then I suppose I have the choice opening a brick and mortar store if I feel this Marketplace Fairness Act is a ?hassle?. And hey, their making $1 Million a year?so they can afford it?right?
And then there is the biggest problem with The Marketplace Fairness Act. It allows state governments the power to tax out of state companies which is called taxation without representation. Isn?t that unconstitutional?
Brick & Mortar store already have a leg up on online store, its called SHIPPING. Online store offer free shipping at their cost, meaning they still have to pay for it, while brick & mortar stores don't pay the shipping cost. The bill as currently written is a compliance nightmare for small business, unconstitutional, and will raise prices for the consumer in a time where people simply cannot afford it.
http://www.avalara.com/products/avatax
Automating your sales tax calculations, exemption certificate management and filing and remittance with AvaTax means empowering your applications to have:
Funny how you left out the page where it notates this software is set up to do all of that (filing and calculating rates) only in the following few states:
You mention the bill exempts sellers with under $1 million in annual taxable sales, but how that will work for eBay and Amazon sellers? Will the law see eBay and Amazon as the seller, or will it view each individual selling on eBay as the seller. If the law sees eBay and Amazon as the seller then they will be forced to collect the tax, but they would then send the money to the individual seller and they would have to register and get a sales tax number for all the states collecting taxes and pay the tax. If that happens it will drive thousands of sellers out of business ?or it will turn thousands of sellers into tax cheats when they decide to just keep the money and ignore the tax. It is not clear if the bill?s language will force eBay and Amazon to report the sales of each seller and where the seller is located.