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Is Ebay going to Pull Sales Taxes on Everyone's Sales?
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<p>[QUOTE="Burton Strauss III, post: 3713351, member: 59677"]What I find sadly entertaining in all of this is the lack of recognition that your buyer already owed the tax and has since taxes were first collected.</p><p><br /></p><p>If you buy a widget from out of state you are supposed to file a use tax return and remit the amount of tax you would have paid.</p><p><br /></p><p>The states are correct that this is a major loss of revenue due to tax evasion.</p><p><br /></p><p>The implementation of the Wayfair decision could have been better handled (although that would require a level of coordination that the several states have not shown) but the basics of it are simply transferring the responsibility to remit the tax to the seller, in line with a brick and mortar store.</p><p><br /></p><p>The other thing I find, um, humorous - in a sad sort of way - is that everybody wants the services... You want the state police to help you when your car breaks down on the highway. You want the state police and the local cops to get those drunks off the road. You want the fire department to show up when your shed is on fire, Cheryl.</p><p><br /></p><p>But nobody wants to pay for these services...</p><p><br /></p><p>There's only a couple ways to raise money</p><p><br /></p><ul> <li>Voluntary contributions</li> <li>Taxes </li> </ul><p><br /></p><p>Taxes can be on businesses - up to a point where your jurisdiction becomes uncompetitive</p><p><br /></p><p>Taxes can be on individuals - up to a point where people move away</p><p><br /></p><p>Taxes can be on things - real property, assets like stocks, etc. - but again only up to a point where people move.</p><p><br /></p><p>NY and Florida is an instructive case. </p><p><br /></p><p>Used to be people of a certain level of wealth would split their time between the two based on the weather. </p><p><br /></p><p>Snowbirds became Florida residents for the lower taxes. </p><p><br /></p><p>NY started to crack down on people who lived in Florida only four months by asking for copies of airplane tickets and counting days.</p><p><br /></p><p>People starting spending a little more time in Florida.</p><p><br /></p><p>Florida put an intangibles tax on investment assets.</p><p><br /></p><p>People decided it wasn't such a bad deal to be a NY resident. The taxes on the bond interest was lower than the tax on the entire portfolio.[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 3713351, member: 59677"]What I find sadly entertaining in all of this is the lack of recognition that your buyer already owed the tax and has since taxes were first collected. If you buy a widget from out of state you are supposed to file a use tax return and remit the amount of tax you would have paid. The states are correct that this is a major loss of revenue due to tax evasion. The implementation of the Wayfair decision could have been better handled (although that would require a level of coordination that the several states have not shown) but the basics of it are simply transferring the responsibility to remit the tax to the seller, in line with a brick and mortar store. The other thing I find, um, humorous - in a sad sort of way - is that everybody wants the services... You want the state police to help you when your car breaks down on the highway. You want the state police and the local cops to get those drunks off the road. You want the fire department to show up when your shed is on fire, Cheryl. But nobody wants to pay for these services... There's only a couple ways to raise money [LIST] [*]Voluntary contributions [*]Taxes [/LIST] Taxes can be on businesses - up to a point where your jurisdiction becomes uncompetitive Taxes can be on individuals - up to a point where people move away Taxes can be on things - real property, assets like stocks, etc. - but again only up to a point where people move. NY and Florida is an instructive case. Used to be people of a certain level of wealth would split their time between the two based on the weather. Snowbirds became Florida residents for the lower taxes. NY started to crack down on people who lived in Florida only four months by asking for copies of airplane tickets and counting days. People starting spending a little more time in Florida. Florida put an intangibles tax on investment assets. People decided it wasn't such a bad deal to be a NY resident. The taxes on the bond interest was lower than the tax on the entire portfolio.[/QUOTE]
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