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View Diary: Senate moves forward to close online sales tax loophole over Grover Norquist's objections (230 comments)

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  •  tax fraud (1+ / 0-)
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    and that $53K businessman just opened himself up to arrest, hefty fines, and likely some prison time.

    there are consequences to breaking these laws, you know?

    •  It's not tax fraud (1+ / 0-)
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      if you're operating a $50k business and not paying sales tax on out of state sales.  Selling more than a million ONLINE is the threshold.

      How do you know in January 2013 whether or not you're going to be invoicing a million dollars or more over the coming year?

      If you only invoice $999k do you have to return all those collected taxes, or is it just going to be added to your bottom line?

      How many people are in a position, when they get their Paypal invoice, to ascertain whether or not their trading partner is collecting tax in accordance with this new law, or is simply taking advantage?

      I'm not writing a how to manual here, I'm predicting that some people are going to collect taxes from buyers, and simply add that extra 7% to their bottom line.

      We've been spelling it wrong all these years. It's actually: PRO-GOP-ANDA

      by Patriot4peace on Tue Apr 23, 2013 at 11:34:25 AM PDT

      [ Parent ]

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