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34 States Now Require Sales Tax from Online Buyers
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<p>[QUOTE="iPen, post: 3742521, member: 69760"]Yes, the burden of tax collection is no longer on the seller side, as that's the policy that <i>eBay</i> will implement. It benefits them to hold tax funds until they hand them over to the government, even if it means holding onto the millions of dollars in taxes to accrue a "little" bit of interest. It would have been a nightmare for sellers to figure out the sales tax for each state, and eBay took responsibility for automating those charges - great! Though, some states made it mandatory for the marketplace (eBay) to manage those taxes, so eBay applied it universally.</p><p><br /></p><p>But the greater impact I see is that most states now require sales tax for online purchases. That'll make buying more expensive to the consumer.</p><p><br /></p><p>So now, if I buy $100 in coins on eBay, the state collects say $2 on top of that, and in response to the growing number of states collecting online sales taxes, eBay takes ownership of the tax collection. Is that the correct assessment for those in affected states?[/QUOTE]</p><p><br /></p>
[QUOTE="iPen, post: 3742521, member: 69760"]Yes, the burden of tax collection is no longer on the seller side, as that's the policy that [I]eBay[/I] will implement. It benefits them to hold tax funds until they hand them over to the government, even if it means holding onto the millions of dollars in taxes to accrue a "little" bit of interest. It would have been a nightmare for sellers to figure out the sales tax for each state, and eBay took responsibility for automating those charges - great! Though, some states made it mandatory for the marketplace (eBay) to manage those taxes, so eBay applied it universally. But the greater impact I see is that most states now require sales tax for online purchases. That'll make buying more expensive to the consumer. So now, if I buy $100 in coins on eBay, the state collects say $2 on top of that, and in response to the growing number of states collecting online sales taxes, eBay takes ownership of the tax collection. Is that the correct assessment for those in affected states?[/QUOTE]
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