Legislation talk on taxing all internet purchases.

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write your senator and rep- we gotta kill that bill

 

A little OT but I could actually feel bile rising in my throat while watching that...

 

OK...I apologize in advance if this sounds "political"...it's not meant to be. It's just that the political process controls taxation and spending...and taxes have such a large impact on our hobby.

Billions of dollars in tax revenue is lost to tax-free internet sales every year. The revenue has to be made up somehow or we have to cut back on spending. I doubt politicians (in general) can survive without a constantly growing stream of money to spend (buy votes). That makes an internet sales tax inevitable (imho).

 

http://www.youtube.com/watch?v=E8vmaj75xzE

 

Well...that just wasted six minutes of my life!

 

In my state every business is a tax collection agent, including sellers at flee markets and coin shows. We have a 2% internet usage tax (which most people here don't even know about) and in my county a 9.75% sales tax. What makes selling out of your home any different, be it from a knock on the door, phone call, or internet auction. We also do not have a state income tax, which is why I don't mind the high sales tax rate. I think they are looking at the issue wrong. If there is a tax, it should be applied to the state where the retailer is and not where the customer lives.