[time-nuts] S743 Marketplace Fariness Act

[Tom Knox]

The eBay emails appear real since it can also be accessed on my actual eBay site. I cannot imagine what a pain it would be to sell 20 items on eBay each to a buyer in a different state and be required to file the paperwork to pay taxes on each of those sales. This is a formula for disaster. 

Thomas Knox



> To: time-nuts at febo.com
> From: johncroos at aol.com
> Date: Tue, 23 Apr 2013 16:04:58 -0400
> Subject: Re: [time-nuts] S743 Marketplace Fariness Act
> 
> The ebay message re this law is probably legit. In any case
> the congress IS considering such a law. In essence it forces
> all internet sellers to collect the sales tax due in the buyers state. If you live in a state with a law requiring that sales tax be paid on all out of state purchases (internet or not), often called a "use" tax, as the buyer you are required to pay this tax. The taxes already are on the books, they are often not enforced.
> 
> You can learn all about this with a Google search which will reveal all sorts of opinions. Here is one that is not too
> bad:  
> 
> http://www.forbes.com/sites/beltway/2013/04/23/five-things-you-should-know-about-the-long-overdue-online-sales-tax-bill/
> 
> If you already comply with the law and do a lot of internet purchases; passage will relieve you of a pain in the ass accounting job at tax time. If your state has no such tax or if you avoid paying it, though your state requires it, passage will cost you some sale taxes you would have otherwise escaped.
> 
> One nasty consequence is that the software to pull this off is non-trivial since local sales taxes in many states vary by county, school district, local bond issues and so on. How that is handled should be amusing.
> 
> -73 john k6iql
> 
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