Is the National Internet Sales Tax about to pass Congress?

[Matt Collins]

http://kpbj.com/business_daily/2013-10-23/is_federal_internet_sales_tax_legislation_about_to _pass

[Zippyjuan]

Is this a Federal Tax or allowing states to collect taxes on internet sales? Which state would collect- the state of the buyer or the seller? If it is the buyer state, a business would have to track different sales taxes for each state and send each state a check at whatever intervals (monthly? weekly? yearly?) they were required to. Lots of extra paperwork. Seller's state would mean just one rate (or two if local sales taxes also applied) sent to one location.

At one point the article in the link called it a Federal Sales tax but later on is talking about states and local governments.

[DamianTV]

Doesnt matter if it passes now or later, they WILL try to tax the Internet at some point.

T.E.A. - Taxed Enough Already

[Bohner]

Is this a Federal Tax or allowing states to collect taxes on internet sales? Which state would collect- the state of the buyer or the seller? If it is the buyer state, a business would have to track different sales taxes for each state and send each state a check at whatever intervals (monthly? weekly? yearly?) they were required to. Lots of extra paperwork. Seller's state would mean just one rate (or two if local sales taxes also applied) sent to one location.

At one point the article in the link called it a Federal Sales tax but later on is talking about states and local governments.

At least with regard to the senate version that was passed earlier this year, the bill gives states the authority to go after e-sellers in other states in order to collect sales taxes for the people they sold to who reside in the buyer state.

This was an article from when the bill passed the senate.


http://www.theverge.com/2013/5/6/4304764/senate-passes-marketplace-fairness-act-online-sales-tax-bill

The US Senate has approved a bill that could one day spell the end of sales tax-free online purchases. The Marketplace Fairness Act of 2013, which the Senate symbolically supported earlier this year and has now passed by a margin of 69 to 27, will give states the authority to collect sales tax from online storefronts, regardless of whether the sellers have a physical presence in the state. Technically, citizens are supposed to estimate and pay internet sales tax on their annual returns, but this is rarely done, leading states to eye Amazon or other sellers as a prime source of uncollected tax revenue.

Apparently congress is making some changes which is a good thing because it was a horrible piece of legislation.

[heavenlyboy34]

Doesnt matter if it passes now or later, they WILL try to tax the Internet at some point.

T.E.A. - Taxed Enough Already
That's supposed to be down the Memory Hole! You are reported, mundane.