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Marketplace Fairness Act - Got My Attention
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<p>[QUOTE="omahaorange, post: 2038331, member: 28199"]Here's a link to a Web site thar explains the bill:</p><p><br /></p><p><a href="http://marketplacefairness.org" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://marketplacefairness.org" rel="nofollow">http://marketplacefairness.org</a></p><p><br /></p><p>What this says to me is simply making it easier for states to collect sales tax due them anyway. Keep in mind the retailer does not "pay" sales tax. They merely collect from the consumer and remit it to the state. It is the consumer who actually pays the tax. This bill looks like it is designed to force the retailer to simply supply the states money they are due them.</p><p><br /></p><p>I can only speak about Pennsylvania. In PA you are required to pay sales tax on every taxable item, no matter where it's purchased. Internet retailers who have any kind of presence in PA are required to collect sales tax, and most do. For those entities that do not collect sales tax, PA requires you (the purchaser) to pay the required sales tax in the form of a Use Tax. You pay this on your state income tax forms at the end of the year. Does everybody do this? I would venture to guess most do not. What it looks like this bill does is facilitate states getting money already due them. This does not effect a tax increase. It does place an additional burden on the retailer to collect and submit this money. Chalk that up to the cost of doing business.</p><p><br /></p><p>I did read on that site that some small business may be exempt from this legislation. The link is there, so you can see who the exemptions apply to.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 2038331, member: 28199"]Here's a link to a Web site thar explains the bill: [url]http://marketplacefairness.org[/url] What this says to me is simply making it easier for states to collect sales tax due them anyway. Keep in mind the retailer does not "pay" sales tax. They merely collect from the consumer and remit it to the state. It is the consumer who actually pays the tax. This bill looks like it is designed to force the retailer to simply supply the states money they are due them. I can only speak about Pennsylvania. In PA you are required to pay sales tax on every taxable item, no matter where it's purchased. Internet retailers who have any kind of presence in PA are required to collect sales tax, and most do. For those entities that do not collect sales tax, PA requires you (the purchaser) to pay the required sales tax in the form of a Use Tax. You pay this on your state income tax forms at the end of the year. Does everybody do this? I would venture to guess most do not. What it looks like this bill does is facilitate states getting money already due them. This does not effect a tax increase. It does place an additional burden on the retailer to collect and submit this money. Chalk that up to the cost of doing business. I did read on that site that some small business may be exempt from this legislation. The link is there, so you can see who the exemptions apply to.[/QUOTE]
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