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Originally posted by SinMaker
This legislation will help mom and pop business's. It's hard to compete with the Amazon's in the world when they offer no tax on high (or even low) ticket items.
IMHO, this is a good thing. Those big internet warehouse business's bank on high volume and sliver profits. Now, they have to compete with the local retailer.
Let's bring back our big box and smaller retail outlets. The non tax element has killed many business's.
I'll be interesting to see in the next year or so how different business is going to be. Will we see a return of our malls and plaza's or will the big shippers further cut their prices to the bone? I've certainly benefited from online purchasing. Only to the chagrin of small business.
It's going to be a blood bath. Hooray for the small business people!
Originally posted by SinMaker
reply to post by eLPresidente
It's not a new tax. The media is selling this as an internet tax. Not true at all. This is an inter state commerce tax and the state coffers should not suffer from it. Those of you that live in non tax states don't have any worries.edit on 6-5-2013 by SinMaker because: (no reason given)edit on 6-5-2013 by SinMaker because: (no reason given)
Originally posted by eLPresidente
Originally posted by SinMaker
reply to post by eLPresidente
Not a new tax? When some online sales taxes go from 0 to more than 0, I'm pretty sure 9/10 people you ask on the street will tell you that is a new tax.
Originally posted by SinMaker
reply to post by Afterthought
That also is a falsehood. If I buy a vehicle in another state, my state is going to charge me the appropriate state taxes. You can run, but you can't hide.
Originally posted by Esotarious
This makes no sense. Part of the whole purpose of taxes is to maintain infrastructure, but also to have a say in the local laws being passed.
As a business owner of a small or large business around the country I now have no say in the laws being made in a state I'm liable for taxes to. I also have the ability to be audited on a much larger scale and for the most part receive little to no benefit from the tax dollars those states are collecting.