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Sales Tax policies as of October 1,
serf
Member Posts: 9,217 ✭✭✭✭
New laws are in effect so all sellers will be impacted! Travel at your own peril.
serf
https://www.forbes.com/sites/kellyphillipserb/2019/10/02/new-sales-tax-rules-take-effective-this-week-in-more-than-a-dozen-states/#307f66405cfb
Remote sellers are precisely what they sound like on the tin: out-of-state sellers. As of October 1, 2019, the laws changed in seven states to require remote sellers to charge sales tax subject to specific criteria. They are:
serf
https://www.forbes.com/sites/kellyphillipserb/2019/10/02/new-sales-tax-rules-take-effective-this-week-in-more-than-a-dozen-states/#307f66405cfb
Remote sellers are precisely what they sound like on the tin: out-of-state sellers. As of October 1, 2019, the laws changed in seven states to require remote sellers to charge sales tax subject to specific criteria. They are:
Comments
Just wait till the Don loses to the taxorats
WAIT UNTIL THEY banish cash transactions! Then we will squeal and they know it! That's why there waiting for 5G technology to be up and running.
serf
https://www.gigabitmagazine.com/fintech/frost-sullivan-great-shift-towards-cashless-society
Looking to the future, the payments' industry is set to keep up its blistering rate of innovation and this will partly be enabled by the highly anticipated roll out of 5G. ?5G opens up a host of new opportunities, use cases and business models; if paired with payments, this can revolutionize the way consumers interact and the way enterprises compete,? explains Quah, underlining how 5G may solve current challenges surrounding real-time payment acceptance, for example. Other cutting-edge tools like bio metrics are quickly coming to the fore too. For instance, American multinational, MasterCard, has pledged that all consumers will be able to identify themselves with bio metrics such as fingerprints or * recognition when they shop and pay with MasterCard this April. ?Mobile bio metrics will become an enabler of mobile payments,? observes Quah. ?When large players like MasterCard make a move this direction, the impact is not just regional but a global one. ?
Its pretty confusing because you don't have to claim or file sales tax unless you sell over a specific amount in various districts......good luck keeping up with it unless you have some kind of software. Its just easier to get the tax ID from the transfer guys and let them tack that onto the transfer fee.
The only way this will be a problem for most sellers is if they decide local revenue departments can collect out of state sales tax for various areas.
This sales tax thing was geared to collect lost money from places like Amazon and such....not the small sellers, but they can get hosed if they don't pay attention. Being a gun dealer I'm always under the impression someone wants to shut me down....so this is not something I'm going to play around with. I'm asking for tax IDs.
remember when gas tax was bad but got worse .. all th ecrying about cars only getting xx amount of miles per gallon
so cars started getting 30 to 40 + miles a gallon people were thinking I can save a few dollars now Oh wait so what they do the crooks- politicians started crying because they were loosing tax dollars because not as much gas was being sold so rase the tax any gain in millage savings was taken away for taxes
to think this country started over a small tax and now look 1/2 or more of our income goes to frigging taxes in one form or another
I truly think that is why hookers and street drugs are illegal not for the well being of people but no way for the government to tax them
I agree a cashless society is coming so every nickle will be tracked and taxed , and better have a reason for you income and expect to be checked on along with a "chip" and DNA taken at birth we ( as a nation ) are doomed to be sheeple of the government big brother
example look how many old crimes have been solved in the last year or so due to a extended family member doing a so called harmless DNA family history tracking ,, and its cross matched with collected DNA from many years back
https://ag.ks.gov/docs/default-source/ag-opinions/2019/2019-008.pdf