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FORUMS Marketplace & Market Info Market Watch 
Thread started 20 Mar 2011 (Sunday) 18:37
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Tax free shopping spree can end soon.

 
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Mar 20, 2011 18:37 |  #1
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Seems that government does not like that some online shoppers do not like paying taxes.
http://news.yahoo.com …c_amazon_online​_sales_tax (external link)




  
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BamPhoto
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Mar 20, 2011 21:18 |  #2

The leeches need more money to squander.............. :(


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p4olom
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Mar 20, 2011 22:57 |  #3

i hope these laws dont pass.


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Mar 20, 2011 23:40 |  #4
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p4olom wrote in post #12059833 (external link)
i hope these laws dont pass.

It all depends who has stronger lobby; the online companies like amazon or local retailers like wallmart.
To be honest the latter are in an ufair position, circuit city and compusa went under partially because of inability to compete with the online retailers. Bestbuy is heading that way too.




  
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HyperYagami
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Mar 21, 2011 00:01 |  #5

Refresh Image wrote in post #12060022 (external link)
It all depends who has stronger lobby; the online companies like amazon or local retailers like wallmart.
To be honest the latter are in an ufair position, circuit city and compusa went under partially because of inability to compete with the online retailers. Bestbuy is heading that way too.

On the other hand, it's kinda "unfair" to online retailers too, consider shipping time + costs put them in disadvantages.



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Bokehlicious
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Mar 21, 2011 00:13 |  #6

O California has tried a many times to get Amazon to charge their customers, I'll believe it when it happens, and if that happens...I'll be a sad man.




  
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Mar 21, 2011 00:27 |  #7

Bokehlicious wrote in post #12060190 (external link)
O California has tried a many times to get Amazon to charge their customers, I'll believe it when it happens, and if that happens...I'll be a sad man.

They did pass one law in CA and it was ruled unconstitutional. These laws are basically 'backdoor' laws claiming that sites like Amazon have a physical presence in their state if affiliates are located there. These backdoor laws are also being challenged and I wouldn't be surprised if they get tossed as well.


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Mar 21, 2011 00:37 |  #8
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HyperYagami wrote in post #12060141 (external link)
On the other hand, it's kinda "unfair" to online retailers too, consider shipping time + costs put them in disadvantages.

Don't think that the brick and mortar stores do not have expenses.
But I actually would want to see sales taxes to go away for both local and online retailers.




  
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themadman
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Mar 21, 2011 02:04 |  #9

I doubt they will pass. If they do, I will just move to a state without sales tax, lol


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Mar 21, 2011 05:50 |  #10

HyperYagami wrote in post #12060141 (external link)
On the other hand, it's kinda "unfair" to online retailers too, consider shipping time + costs put them in disadvantages.

It costs the grocery store as much as it cost Amazon if not more to stock a jar of peanut butter on the shelves. One major difference is that Amazon never has to lose money due to limited retail or display space. If products don't move fast enough they can be pushed into a back corner of the warehouse until they sell.

With retail the slower moving products often have to be shipped back to the warehouse, liquidated or thrown away to recover that space. Amazon also saves a fortune by not having to pay anyone to count cash being that it's all automated by computers. Many stores have started adding self check out lanes because cashiers add up to millions of dollars when you have thousands of them.

Refresh Image wrote in post #12060288 (external link)
But I actually would want to see sales taxes to go away for both local and online retailers.

Yea right after they close the libraries, parks, schools, courts, police and fire stations along with everything else that cost tax dollars operate.

I guess it would be nice to live in a world where everyone works for nothing and has nothing to show for it.




  
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Mar 21, 2011 06:10 |  #11

Two Words: Flat Tax

10% on anything you make or spend. Done.

No tax brackets, no loopholes, no exemptions, no muss, no fuss.


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Mar 21, 2011 07:51 |  #12

Refresh Image wrote in post #12060022 (external link)
It all depends who has stronger lobby; the online companies like amazon or local retailers like wallmart.
To be honest the latter are in an ufair position, circuit city and compusa went under partially because of inability to compete with the online retailers. Bestbuy is heading that way too.

Yes and usually the online retailers have overall cheaper prices so even if you add tax & shipping the item(s) is/are still cheaper...so the whole tax arguement being the largest reason people buy online goes out the window...that being said, if the prices are comparable I will buy local, but a lot of what I buy online I cant find locally....whose fault is that..
and heck there are enough taxes paid on the items if you really added up all that is paid to get the product to you.
Tax on the building where it is stored, tax on payroll for the workers, tax on the fuel used to transport the item, taxes & fees on the connection used for online presence...and thats just what I can think of off the top of my head..(yes I know brick & mortar have a lot of the same expenses & maybe more)
It all comes down to govt need & greed...far to many would rather not cut spending, but continue to raise taxes...I guess they all thought the good times would last forever....surprise...​where it will end is anybodys guess..:(


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Mar 21, 2011 10:18 |  #13
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isoMorphic wrote in post #12061003 (external link)
Yea right after they close the libraries, parks, schools, courts, police and fire stations along with everything else that cost tax dollars operate.

I guess it would be nice to live in a world where everyone works for nothing and has nothing to show for it.

You argument makes no sense to me. We do pay income tax, property tax and couple hundreds more taxes. Most of those are fixed. The sales tax however by definition makes people to curb shopping. In the end it hurts economy much more than other taxes. And in case you did not know some states do not have sales tax and doing well. Others like California have very substantial sales taxes that in increasing all the time and are in a big financial hole.




  
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Mar 21, 2011 10:27 |  #14

Here in Michigan, I am required to pay "sales" tax on all of my online purchases at the time I file my annual state tax return.


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tkbslc
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Mar 21, 2011 10:57 |  #15

runninmann wrote in post #12062115 (external link)
Here in Michigan, I am required to pay "sales" tax on all of my online purchases at the time I file my annual state tax return.

I think all states do that, but it is nearly unenforceable.


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