U.S. Supreme Court to Review Bid to Collect Internet Sales Tax

Discussion in 'Business and Legal' started by Stephen, Jan 13, 2018.

  1. Stephen

    Stephen Administrator Staff Member

    https://www.bloomberg.com/news/arti...internet-sales-tax-gets-u-s-high-court-review

    U.S. Supreme Court to Review Bid to Collect Internet Sales Tax

    The U.S. Supreme Court will consider freeing state and local governments to collect billions of dollars in sales taxes from online retailers, agreeing to revisit a 26-year-old ruling that has made much of the internet a tax-free zone.

    Heeding calls from traditional retailers and dozens of states, the justices said they’ll hear South Dakota’s contention that the 1992 ruling is obsolete in the e-commerce era and should be overturned.

    State and local governments could have collected up to $13 billion more in 2017 if they’d been allowed to require sales tax payments from online merchants and other remote sellers, according to a report from the Government Accountability Office, Congress’s nonpartisan audit and research agency. Other estimates are even higher. All but five states impose sales taxes.

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    This will do nothing but add extra cost to everyone buying online, increase burdensome paperwork to small business, and decrease the flow of goods in the marketplace.

    Where will much of this collected tax money go? Into the coffers of state government to increase the pay and benefits of their white collar union workers who are already grossly overpaid as it is now.

    We all know that Washington DC is affluent and corrupt. Trump's message of "Drain the Swamp" is appropriate for our country's capital, and is also relevant for most if not all state capitals. The people of each state should begin looking at their own state capitals with the same suspicion as they view Washington DC.

    After this new tax money is used up, government will find even more innovative ways to power grab money from the middle class, which is exactly what this proposed tax collection scheme is really all about. Death by 1,000 cuts to the bank accounts of the struggling middle class, who are the backbone of our country, being exploited more and more by big government which cares mainly about itself, and not enough about we the people.

    Hopefully, President Trump will veto any bill such as this which comes to his desk.
     
  2. Stephen

    Stephen Administrator Staff Member

    https://www.aol.com/article/news/20...line-retailers-to-collect-sales-tax/23464795/

    Supreme Court lets states force online retailers to collect sales tax

    WASHINGTON, June 21 (Reuters) - States have broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes, the U.S. Supreme Court ruled on Thursday, siding against e-commerce companies in their high-profile fight with South Dakota.

    The justices, in a 5-4 ruling against Wayfair Inc, Overstock.com Inc and Newegg Inc, overturned a 1992 Supreme Court precedent that had barred states from requiring businesses with no "physical presence" in that state, like out-of-state online retailers, to collect sales taxes.

    The ruling opens the door to a new revenue stream to fill state coffers - up to $13 billion annually, according to a federal report - while imperiling a competitive advantage that e-commerce companies had over brick-and-mortar rivals that already must collect sales tax.

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    Big government tyranny wins out.

    This is a sad day for our Constitution, and the vast majority of the American people.

    But a happy day for certain politicians, lawyers, accountants, and software firms who create nothing that betters society, but simply burdens businesses and the American people with more rules and regulations designed to control the populace so they can further leech off of our labors.

    Sadly it seems that even under Trump, the government is becoming like a king, and the rest of us like serfs who must bow down to the king and his court or else. We got rid of a king back in 1776, but it seems as though lately we may have forgotten that.
     

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