How exactly is it a great victory for you and me that we now get to pay sales taxes on more stuff we buy on the internet? I’m sure the Trumpeteers can explain how this is great news for us.
WTF TRUMP TWEET OF THE DAY
How exactly is it a great victory for you and me that we now get to pay sales taxes on more stuff we buy on the internet? I’m sure the Trumpeteers can explain how this is great news for us.
Bending us over and spreading us Yuuuugely!
There are 2 sides to every story; killing off brick and mortar stores that pay sales taxes vs on retailers like Amazon (Bezos POS) that don’t.
We pay for convenience in everything else, water sewage, roads, etc.; it can be ‘fair’ to pay taxes for on-line purchases.
So we pay more – we pay more for everything else.
Of course you would applaud paying more taxes. The stupid, it burns.
I don’t applaud paying more taxes.
You just weren’t able to get the msg.
Not surprised
You again prove you are a nitwit. Amazon is already collecting sales tax on every sale because they are located in every state. Do you understand that FACT you moran?
Some lady who lives in PA and produces beautiful Christmas Tree Skirts and sells them on the internet doesn’t have to collect sales tax when she ships one to someone in Maryland. She now has to collect sales tax and file sales tax returns in every fucking state in the country. As someone who doesn’t live in the real world, you don’t see that as a problem. She either goes out of business or has to become a serf of AMAZON to sell her goods. Does your pea brain comprehend that this fucks little retailers and benefits Amazon and Wal-Mart?
You are an idiot.
No it’s a mystery, since this seems positive for Amazon, which I assume Trump dislikes, and negative for the vast majority of small shops doing online sales.
I wonder if this might be Trump’s own GHWB shocked to discover checkout scanners moment. Maybe Trump doesn’t realize how big online retail is and how much this fucks the small sellers.
Persnickity said,
“…No it’s a mystery, since this seems positive for Amazon, which I assume Trump dislikes…
…
Maybe Trump doesn’t realize how big online retail is and how much this fucks the small sellers.”
This is why I refer to him as a useful idiot!
I wonder how many tweets like this Dubya would have had if Twitter was around then!?
Hahah
First off, the internet companies like Amazon – they were built, partially on the ‘no sales tax’ loophole. Now that they are built, I don’t think it matters that they have to charge sales tax. There is no way a brick and mortar store can compete with Amazon’s selection of products / product reviews.
As a software developer, I’ve dealt with collecting sales taxes in all 50 states and Canada – it is very complicated. It’s not a simple state sales tax. Over the years many government entities have enacted taxes – counties / cities / districts – have 1/4% 1/2% 3/4% additional taxes. Thus you have to know all this – and report it – it’s a nightmare. One of my client’s has 3 people working on reporting sales tax.
I believe this will ‘kill’ any mom-pop web sites. It will drive them to do business with Amazon, because they can’t afford to collect and report the taxes.
Check out Avatax: https://www.avataxrates.com/
Also – sales tax by zip code – that doesn’t work either. Because the taxing districts don’t follow zip code boundaries. Avatax does it by GPS coordinates of the address. This service starts at $25,000 a year + a transaction fee.
States like Commiefornia send auditors, hoping to find violations, and fine you big time.
Any idea how this may effect online subscription services?
I wonder how much revenue will be collected? And how distributed?
Hundreds of millions and it won’t be distributed. It will be wasted by state governments on social policy bullshit and government employee pensions.
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AMAZON WINS YOU DIMWITS!!!!
Amazon could actually benefit from the Supreme Court ruling on sales tax
Published: June 22, 2018 10:19 a.m. ET
Amazon already collects sales tax and could offer other online sellers help—for a fee
At first blush it looked like the Supreme Court ruling in South Dakota v. Wayfair could spell trouble for Amazon.com Inc., but experts say the decision could actually provide fresh opportunities for the e-commerce giant.
Amazon AMZN, -0.17% shares fell 1.1% shortly after the Thursday ruling was announced. Investors feared the ruling, which said states have the right to collect sales tax on online companies that don’t have a physical presence in the state, could hurt the company.
However Amazon already collects sales tax on its own goods. Experts say third parties and small businesses are the companies that will really be affected by the case.
“The smaller companies are going to have the problem,” said Paul Graney, state and local tax leader at Marcum LLP, who notes the complexity in learning state tax rates and implementing a system for collecting the right amount. “If you’re Wayfair, they have a department to handle this or can hire a few people to do this for them.”
Wayfair said in a statement that it collects sales tax on about 80% of U.S. orders.
Details about who will now have to pay sales tax, how much and where still have to be worked out. However, Graney thinks it’s “very likely” that most states will enact some sort of legislation since it has been their claim that states are losing out on needed funds. There could also be fear of backlash from local businesses who believe online companies will have an unfair advantage.
As the issue is sorted out, Amazon could turn the ruling into a new revenue stream, according to Graney.
“It could be a boon for Amazon,” he said, proposing that the company could say, “We’ll start collecting the sales tax for you and we attach a fee.”
Other companies with a marketplace, like Walmart Inc. WMT, +0.27% could also go down this route, he said.
Amazon already has the capabilities to comply with the Supreme Court ruling, said Guru Hariharan, chief executive of Boomerang Commerce, a technology platform that helps retailers with their e-commerce channels. Hariharan also worked for Amazon in its early days.
“This will be relatively easy for Amazon to do since it has all of the relevant seller data on its platform—from a seller’s city/state location, to its product catalog sold on Amazon’s marketplace, to the pricing offered by the seller, to the volume of sales for each of those products—to apply the appropriate tax amount upon checkout by consumers,” he said.
At the very least, it’s likely that Amazon will be largely unaffected by the decision.
“On face value, the ruling might raise the specter of potential negative implications for Amazon, which recently accounted for about 44% of the U.S. e-commerce market and an even more dominant 70% of overall e-commerce growth.” wrote Tuna Amobi in a note for CFRA.
And: State credit quality will benefit from Supreme Court online sales tax ruling: S&P
“Still, we see a relatively limited exposure for Amazon, which already collects a sizable amount of sales taxes across many states where it qualifies as taxable due to its sufficiently large physical presence. Thus, Amazon is unlikely to cede a meaningful portion of its market share to traditional retailers as a result of the ruling, which could leave smaller online retailers more exposed.”
Preface: Not an Amazon point.
But it may be a ‘rational’ part of MAGAnomics. It is bad for Mom-and-Pop e-retailers, to the potential benefit of brick and mortar, including Mom-and-Pop brick and mortar. When you hurt e-retailer, you hurt domestic and international e-retailer, when you benefit brick and mortar, you benefit domestic brick and mortar, and brick and mortar generally has a higher domestic labor component than e-retailer, so probably a net benefit to the American worker. Although it helps Amazon too.
Secondarily, it may monkey wrench MSM. When Sally in PA sells her Christmas tree skirts in FL and has to deal with Pinellas county Florida Sales taxes, that is no bueno, but when the NY Times delivers a subscription to the same customer, do they also have to pay Pinellas county sales taxes on the subscription? If so, we could see a significant pivot of media away from the 3-5 major national publications to the benefit of the more local press, and less stranglehold of the national conversation by the powers that be, and pivot more onto online sources, like our TBP, and more local press. That is probably good for the country, and its people.
The majority of mom and pop bricks and mortar retailers were put out of business years ago by the mega-retailers. All the mega-retailers already have massive on-line sales and remit sales tax. This decision will hurt the small guys far more than the big guys.
Trump’s tweet shows what a predictable douchebag he is. Every fucking thing he does is …. great, fantastic, wonderful, amazing, a win for all Americans, and you’re gonna love it, believe me.
Two more years of astronomically hyperbolic bullshit, lies, exaggeration, and obfuscation … six years if he gets reelected. But, hey, at least he’s not Hillary (really). I’m gonna move in with Llpoh.
Stucky,
You just don’t understand he is just acting like he is a shallow, egomaniac, dumbfuck. That is just a smokescreen to cover his parallel universe 36DD chess strategy.
Trust in zee plan.
Trust in Sessions (Don’t bogart that joint my friend)
Sponsored by Anon Dream Kush
Stucky….ignore all the good shit he has already done and trying to do.
Concentrate on the negatives.
You a Schumer boy.
I’d have to drink a lot of single malt to put up with Llpoh on a daily basis.
Yeah Zara, But a least after Llpoh took a shit, it wouldn’t stink.
Living in Arizona, I’ve been paying the sales tax at Amazon for a few years now. Do I like paying the tax? NO! But what I do like is not having to get in my car and go out in the traffic and heat searching for the item, dealing with an asshole to purchase the item, and then driving back home.
Look up the AVALARA stock – NYSE: AVLR – it just went public last week.
This is almost exactly the same as tariffs on foreign goods. The fact that we’re talking about state borders vs national borders is a distinction without a difference. In the end, we pay more so the government can collect more but we’re supposed to be happy because now it’s more fair.
What might actually be a benefit would be for State governments to decide that since the sales tax base is now much larger, the rates can go down. That would be a win for everybody, except of course out-of-state “exporters”. I don’t expect to see that happen though.
Bingo! Excellent observations.
I use to purchase football jerseys from a company in bulk then turn around and sell them on E bay in its heyday!
With the China tariffs and the state sales tax double whammy, there will be Amazon and Wal Mart…
Good bye E bay and any other knockoffs like it
Trump is truly a “Dime store Andy Jackson”, he has given the banks blow jobs since the first week in office, he now is a cheerleader for more taxes for all of us working stiffs. Who’s side is he on??
BL, he is on the side of his masters. The “elitists” of the new world order.
Me thinks you are correct Dio. Will El Trump also tweet some cheers for cutting SS payment to the elderly by 25%, that’s the plan and he will tell us it is great, fantastic, YOU will love it. (will you love Alpo on crackers for your meals?) What a guy.
Alpo will be too expensive and so will crackers. Gruel for everyone.
MC- I like a little maple syrup in my gruel, maybe HF has a senior citizen discount.
Bea, I posted a vid on that thing in that place. You seen it?
EC – DAT you? What thing in what place? Is it in Mexico?
Yeah, the video on last night’s article, was it HF’s, touts the place like a real paradise.
It’s a neat intro.
We can go back to that article if you want to continue discussing it.
EC
El- Thanks, saw that vid some time ago. Will post later the abode I am looking at with a lake/mountain view. I hope I live long enough to do this EC.
Bea,
My 7th grade science teacher loved me. I was the only one awake in her afternoon class, the rest of the kids were usually drowsy from carb overload or the heat. I didn’t have moolah for lunch, my mamacita packed me two bean burritos and a mayo jar full of coffee.
I was always wide awake in her class and I recall a time she asked what was the secret of human survival. I had a one word answer, adaptation. OMG, I was so proud of that answer, I kept repeating the scene in my mind, almost wished I could set it to music. This was a nice science teacher.
I remember another woman, my 5th grade science teacher probably, who didn’t like me too much. That one doubted my explanation why a potato cut into several smaller pieces released more of the purple tint into a solution than a potato cut into 3 large pieces. I said there was more surface area exposed to the liquid. She told me I was wrong. Bitch.
I read somewhere that humans can adapt to anything (within reason, there’s also the story of the black frogmen that suffered hypothermia in 50 degree water that white dudes had no problem with). My hs science teach said this works so well that a guy who felt the need to take bicarbonate for a healthy burp after a meal soon was taking more bicarb as time went on.
Adaptation is that wonderful ability to get comfortable with strange surroundings in a short while. Or maybe it’s familiarity. That’s why national brands succeed by advertising, they induce folks to trust a brand they feel familiar with.
I’m sure your reviewing the place and dipping a toe into the water by taking a short vacation there will help you become familiar with the place enough to someday call it home.
I had read a bit from the living abroad, escape from America online sites back in the 90’s. One woman even wrote a short novel about living in Mexico (Stones for Ibarra). The big obstacle is family, children. My wife’s aunt sold her house in Alhambra back in the 80’s. Moved back to Texas. Then they had to move back at a substantial loss, their kids would not take the time to visit them. Dicks.
My wife’s BIL had his own retirement plan to move to Mexico. The kids scuttled that idea, they had no romantic vision of living in Veracruz like their Mexican-born dad had. You share your dream with other people and they will find a way to talk you out of it. I think that’s the old story of the crab pot. Was it Buffet who advised 70ish folks to make a plan; don’t wait until you’re 90 with a blonde on your lap, he said. You are near the finish line, Bea, the clarity that i forget spoke about (Maslow) is still there, I hope you can make it happen soon.
+1000
“YOU will love it” hahaha
So, let’s suppose a small mom&pop shop is only making it because the out-of-state Internet sales are carrying the edge – they don’t have to calculate / collect / remit sales taxes to 50 states, which would be a huge effort for them to even try. Now they have to pay $25 k a year to use Avatax, or give up their online sales. They give up, and go out of business. You now not only have one fewer online source of goods and services, _you have one less LOCAL source of goods and services if you are local to them_.
Multiply this by a few thousand (hundred thousand, even a million) local mom&pop shops.
Now throw in the CRUNCH. The currency is now worthless, but not only can you not buy anything with dollars, YOU CANNOT BUY FROM THE LOCAL MERCHANTS WHO WENT UNDER DUE TO THIS, with gold or anything else (barter?). You have nowhere to go and buy it from, and Amazon isn’t shipping anymore.
This reinforces the fragility (Nicholas Taleb) of the overall supply chain. It’s a really bad idea on so many levels that it’s hard to grasp them all.
Time to buy more of everything – you may not be able to get it otherwise, and sooner than you think.
Yeeeeeah! Another big incentive for the “121 SystemD” movement. Local exchange, producer/seller-to-buyer CASH/BARTER transactions. Hoo-wah.
After careful review of the comments here, I have but one conclusion.
Just like with their passage of the A.C.A. (I refuse to call it Xxxxxcare), and calling the fine for opting out a ‘tax’…
It seems to me that SCOTUS has once again shit the bed, and all over working class folks.
I wonder if Ruthie was awake when she voted.
And so it goes…
I will be waiting for them to claw back taxes on past purchases.
I recall when Clinton was prez, I had already filed and paid my income tax, then he passed a law retroactive to raise my tax bill, over 5 grand$
I imagine the taxes raised, administrative and accounting jobs created, will be substantial. And then there is online garage type sales?
WWIE when will it end?
What a crock of shit.
Big brother’s greed is never satisfied.
If a citizen does it, it’s called extortion.
Anybody see a role cryptocurrencies will be playing in this tax fiasco?
The thing about ridiculous legislation is that people will skirt it anyway they can. It’s the reason the underground economy thrives everywhere and in some cases is the only thing that ensures survival of the people. As more and more people skirt the law the less control the State has.
Crypto payments to online businesses would be like underground transactions where cash is used. Right now on Craig’s List you can check the box as a seller who will accept cryptocurrency. That idea will spread.
Got a hundred dollar bill? You see a reference to this:
“That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”
You don’t think governments are going to crackdown on cryptocurrencies and expect their “fair share”? Electronic transactions can be tracked much easier than cash transactions or barter transactions.
Actually, there are several coins, Monero and Zcash among them, that cannot be tracked. The criminals like Monero best right now.
Yes, I fully expect the gov’t to want it’s “fair share.” It also wants its fair share of the sales made by cash-possible businesses like taverns, gaming machines, convenience stores, farmer’s markets, restaurants, and endless others. Lotta cash transactions are not reported as the gov’t is fully aware of, but can do nothing about. Furthermore, if you own a business and the guy down the street competes with you and he doesn’t report and you do, which of you has the best chance of staying in business? There is indeed competition forcing people not to report all proceeds, but just enough to appear reasonable if questioned.
Another feature of cryptocurrencies is that they are world currencies. One country that gets too strict will lose out to another country that is more lenient. No country will outlaw cryptos for that reason. Right now we see the SEC coming out saying that Litecoin is not a security and won’t be regulated like one. Right now the way cryptos are taxed is a nightmare requiring dozens and hundreds of pages of reports to account for simple spending activity. People won’t do it. It’s worse than the underground tax losses for the gov’t because it won’t be just thousands of business, but millions and millions of consumers who won’t report. This is the sort of thing that brings down governments. Laws that are widely seen to be unfair energizes resistors and when a certain percent of the population gets energized, down goes the gov’t. The psychos in gov’t know their history and will bend rather than break as long as possible.
you are probably right but you might consider a chill pill.
Blow me.
🙂
Perhaps this is just another step in the very long journey to freedom.
Keep having SCOTUS make stupid rulings, presidents cheering increasing taxes and useful idots arguing about it before they know the facts.
Sooner or later we’re gonna have a revolution and it won’t be too soon for me.
Tear it all down. See if whoever is left can do better next time.
Why does government simply STEAL money to pay for what they “do” rather than charging directly for the services they provide? The supermarket, the gas station, the cleaners, and EVERY OTHER PRIVATE business charges accordingly and we are all FINE with that. Governments STEAL in taxation specifically so that they do not have to be accountable to anyone for what their “services” cost. While all of you fight over how horrible Amazon is, or how all the shit government claims a monopoly on will get paid for, you are ignoring the ESSENTIAL argument that this ruling should bring up with everyone – why do we allow government to hold the monopoly on the provision of these services, and why do we simply allow the government to steal our money to pay for them rather than charging us like everyone else does? There is ABSOLUTELY NOTHING that government does that cannot be provided by private individuals or businesses operating in a fully free and competitive marketplace….NOTHING. When we are STOLEN from, what we get is what politicians want us to have. When we pay (or don’t purchase if we don’t use or want), WE DECIDE. Time to end the government monopoly AND the means of paying for it. If there is a good side to the ruling, it is that the civil war will likely break out even sooner and it will be even more clear that the GOVERNMENT is the mutual enemy.
Mr. Liberty, the way ahead is clear, just as you say. It’s the means that is unclear. How do we get to the promised land of liberty? Cryptos are the answer. Get into it and you will see far.
The answer is the money the MARKET decides – in freedom. History says that will be gold/silver, or some electronic version with 100% backing of these precious metals (to be more in line with today’s economy). And that is just for money. FREEDOM will ALWAYS be the answer and the ONLY viable path forward.
Who owns the gold and silver? The people? No, gov’ts own it. Banks own it. JPM has something like 600 million ounces of silver. Do gov’ts own cryptos? No. People do. Figure it out.
Of all the taxes, the one I hate least are sales taxes. Income taxes should be abolished entirely.
In any event, the sales tax issue will be a boon for software folks. A sales system will be created where the shipping info will go into the system, and presto, out wll spit the sales tax requirements. This will be consolidated into a month end report, with info on where to forward the withheld sales tax. I suspect that report can be downloaded to a consolidating corp for a smallish fee that will forward the payments on behalf of the supplier. I already use such systems for various type payments. The fees are not large.
This will be handled by tech. But you will have to have computer systems in place.
I’m just waiting for the time- and it is coming- where they government, via the banks- will handle all of your transactions and leave you with the remainder, like an allowance. You work, they get the check, make the disbursements and then issue you a credit via the financial institution for a few bucks.