[meteorite-list] Ebay, Websites and State Taxes

From: Jason Utas <meteoritekid_at_meteoritecentral.com>
Date: Mon, 6 May 2013 19:10:36 -0700
Message-ID: <CABEOBj+LLAdKz7VLTMi4mD1irJ7i7_v9t4KWJG538h4v+=ittg_at_mail.gmail.com>

 Adam,
You're not telling the truth.
--------------------
SMALL SELLER EXCEPTION.-A State is authorized to require a remote
seller to collect sales and use taxes under this Act only if the
remote seller has gross annual receipts in total remote sales in the
United States in the preceding calendar year exceeding $1,000,000. For
purposes of determining whether the threshold in this sub?section is
met-

1) the sales of all persons related within the meaning of subsections
(b) and (c) of section 267 or section 707(b)(1) of the Internal
Revenue Code of 1986 shall be aggregated; or
2) persons with 1 or more ownership relationships shall also be
aggregated if such relationships were designed with a principal
purpose of avoiding the application of these rules.
--------------------
http://www.marketplacefairness.org/bill-text/

This also clears up the issue of whether or not a brick-and-mortar
store would have to accrue a total of $1,000,000 in sales -- versus
$1,000,000 in exclusively internet sales -- before being forced to
pay/charge taxes on online purchases. It's internet-only. In other
words, if your business grosses ~$1,500,000 in in-store sales, but
only sells $500,000 of merchandise online, you still wouldn't have to
pay any online sales tax. Unless your state has preexisting
provisions that require you to do so.

Furthermore, the enforcement of this tax policy will be up to the
states. In other words, they can choose to enforce it (or not) as
they see fit.

I'd read the document; it's only five pages.

Regards,
Jason

www.fallsandfinds.com


On Mon, May 6, 2013 at 7:09 PM, Jason Utas <meteoritekid at gmail.com> wrote:
> Adam,
> You're not telling the truth.
> --------------------
> SMALL SELLER EXCEPTION.-A State is authorized to require a remote
> seller to collect sales and use taxes under this Act only if the
> remote seller has gross annual receipts in total remote sales in the
> United States in the preceding calendar year exceeding $1,000,000. For
> purposes of determining whether the threshold in this sub?section is
> met-
>
> 1) the sales of all persons related within the meaning of subsections
> (b) and (c) of section 267 or section 707(b)(1) of the Internal
> Revenue Code of 1986 shall be aggregated; or
> 2) persons with 1 or more ownership relationships shall also be
> aggregated if such relationships were designed with a principal
> purpose of avoiding the application of these rules.
> --------------------
> http://www.marketplacefairness.org/bill-text/
>
> This also clears up the issue of whether or not a brick-and-mortar
> store would have to accrue a total of $1,000,000 in sales -- versus
> $1,000,000 in exclusively internet sales -- before being forced to
> pay/charge taxes on online purchases. It's internet-only. In other
> words, if your business grosses ~$1,500,000 in in-store sales, but
> only sells $500,000 of merchandise online, you still wouldn't have to
> pay any online sales tax. Unless your state has preexisting
> provisions that require you to do so.
>
> Furthermore, the enforcement of this tax policy will be up to the
> states. In other words, they can choose to enforce it (or not) as
> they see fit.
>
> I'd read the document; it's only five pages.
>
> Regards,
> Jason
>
> www.fallsandfinds.com
>
>
> On Mon, May 6, 2013 at 6:47 PM, Adam Hupe <raremeteorites at yahoo.com> wrote:
>> Jason Wrote:
>>
>> *********************************************************************************
>> I can't see how this new law would hurt small sellers, though. Since
>> only the companies making more than a million per year will have to
>> charge/pay taxes on inter-state sales, if anything, it gives an
>> advantage to the folks selling under that range.
>> *********************************************************************************
>>
>> Don't be so naive. This bill allows states to make all sellers collect taxes on their behalf and there is no real one million dollar exclusion: read the small print. Just like the Affordable Healthcare Act was supposed make healthcare affordable. Instead it was just one massive deceptive tax increase that will punish those who can least afford healthcare with fines.
>>
>> I have no idea why the feds are involved in state business in the first place. It is all driven by weak politicians who are being pressured by large companies like Amazon who want online market share.
>>
>> At least here in Nevada, there are no state corporate taxes.
>>
>> Adam
>> ______________________________________________
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Received on Mon 06 May 2013 10:10:36 PM PDT