Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Is Ebay going to Pull Sales Taxes on Everyone's Sales?
>
Reply to Thread
Message:
<p>[QUOTE="Good Cents, post: 3713010, member: 100720"]In your example NY gets 0% of Sales Tax on that transaction because the goods are leaving their state. But the Seller, if they are filing their own Sales Tax Returns, is required to Report to New York that they made a Sale for that that $ amount which was Non-Taxable in New York State. Since NY is the seller's home state they will probably be audited to make sure that the seller is telling the truth in reporting all their sales.</p><p><br /></p><p>BUT New York will get paid INCOME TAXES on that money because the Seller is based in New York State he/she will have to pay New York State Income Taxes - whether as an incorporated business or as an independent contractor, or other type of business entity. So New York will get their "fair share" of taxes (or too much taxes as the highest if not one of the top 3 most taxed states in the union).</p><p><br /></p><p>SCOTUS made a BIG MESS with this ruling, that's for sure. And as you said, eBay is doing the most strategic thing it can which serves their own purposes best.</p><p><br /></p><p>But I don't think the end result will be Zero Internet Sales Tax. The 45 States that charge sales tax would not allow it - they would lose too much revenue - and they have the voting power to overrule Zero Internet Sales Tax.</p><p><br /></p><p>I believe the end result will be a set percentage rate for all internet, phone, and catalog sales that are shipped to outside the state of the Seller. That's not simple, to be sure, but it is the simplest we can hope for in our messy, greedy and politically corrupt world. And in all honesty, it's a lot simpler than what it is now, which is massive chaos which will overly burden and even bankrupt small sellers around the country who are audited and can't afford the burden of immense record keeping, tax collecting, tax reporting, and the litigation fees it will take to fight this currently chaotic wild west non-system. And I fear that Congress will not get involved in creating legislation to fix this for at least 10-15 years while this all plays out and the little guys lose, as always.[/QUOTE]</p><p><br /></p>
[QUOTE="Good Cents, post: 3713010, member: 100720"]In your example NY gets 0% of Sales Tax on that transaction because the goods are leaving their state. But the Seller, if they are filing their own Sales Tax Returns, is required to Report to New York that they made a Sale for that that $ amount which was Non-Taxable in New York State. Since NY is the seller's home state they will probably be audited to make sure that the seller is telling the truth in reporting all their sales. BUT New York will get paid INCOME TAXES on that money because the Seller is based in New York State he/she will have to pay New York State Income Taxes - whether as an incorporated business or as an independent contractor, or other type of business entity. So New York will get their "fair share" of taxes (or too much taxes as the highest if not one of the top 3 most taxed states in the union). SCOTUS made a BIG MESS with this ruling, that's for sure. And as you said, eBay is doing the most strategic thing it can which serves their own purposes best. But I don't think the end result will be Zero Internet Sales Tax. The 45 States that charge sales tax would not allow it - they would lose too much revenue - and they have the voting power to overrule Zero Internet Sales Tax. I believe the end result will be a set percentage rate for all internet, phone, and catalog sales that are shipped to outside the state of the Seller. That's not simple, to be sure, but it is the simplest we can hope for in our messy, greedy and politically corrupt world. And in all honesty, it's a lot simpler than what it is now, which is massive chaos which will overly burden and even bankrupt small sellers around the country who are audited and can't afford the burden of immense record keeping, tax collecting, tax reporting, and the litigation fees it will take to fight this currently chaotic wild west non-system. And I fear that Congress will not get involved in creating legislation to fix this for at least 10-15 years while this all plays out and the little guys lose, as always.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Is Ebay going to Pull Sales Taxes on Everyone's Sales?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...