Hi Jason Are meteorite dealers collecting tax? I get the impression they are not. States like AZ do not audit anywhere near what they should and loose millions a year based on the laws they have in place now. Best I can figure is the internet is nothing special or exempting for the requirement for tax to be collected or paid...at least in AZ.
Jim On Mon, May 6, 2013 at 2:54 PM, Jason Utas <[email protected]> wrote: > Hello All, > What Mendy said is correct. > There is a $1 million minimum in online sales in the current draft > (indisputable fact), and some politicians have suggested raising it to > $10 million. In other words, unless you gross over a million dollars > in online sales, you will not have to collect or pay this tax. > > http://www.extremetech.com/internet/154397-us-senate-inches-closer-to-approving-historic-internet-sales-tax-bill > > [You can find better sources online, but this ^ summarizes things > pretty well.] > > Adam's point is somewhat moot, as sales tax is nothing new for most > brick-and-mortar businesses. And we have only one such meteorite > store in existence, to my knowledge (Steve Arnold's shop in Arkansas). > I'm not certain as to how businesses like this would have to deal > with the new internet tax, but since in-state online sales are already > taxed (even from small independent, online-only sellers), I can't see > this as being very important. The $1,000,000 online sales minimum > might apply to tangible businesses as well. I'm not sure; that would > take some looking into. > > Unless meteorite dealers make more than $1,000,000 per year in online > sales, they can relax. I'm not a fan of this bill, but it will not > affect my selling much. I might buy some more run-of-the-mill things > at tangible stores if this goes into effect, but there's no real risk > of people doing that with meteorites. If anything, this will probably > encourage me to buy from smaller, independent sellers online. Thanks > to the million dollar minimum, they will still be tax-free. > > Regards, > Jason > > www.fallsandfinds.com > > > On Mon, May 6, 2013 at 2:13 PM, Adam Hupe <[email protected]> wrote: >> Don't let politicians fool you. They are talking about taxing at the >> point-of-sale, meaning where the item is shipped from. In this case, >> possibly somebodies living room or garage! If you own a brick and mortar >> Meteorite Store, you are already expected to collect these taxes including >> 100% of sales online. There is no one million dollar annual sales exemption. >> There aren't too many dealers that own a storefront so at this point in >> time, they are alright but this could change very shortly. >> >> >> Just like the Affordable Healthcare Act is the largest tax increase in U.S. >> history and it was sneakily forced upon American citizens. Just wait until >> 2014. A lot of people who simply cannot afford healthcare will be fined on >> top of the massive tax increases. >> >> Adam >> >> >> >> >> >> ----- Original Message ----- >> From: Mendy Ouzillou <[email protected]> >> To: Adam Hupe <[email protected]>; Met-List >> <[email protected]> >> Cc: >> Sent: Monday, May 6, 2013 1:47 PM >> Subject: Re: [meteorite-list] Ebay, Websites and State Taxes >> >> Adam, >> >> >> Very timely post. I just read the following article (http://reut.rs/ZBTsVY). >> Regardless whether the bill passes or not, the impact on almost ALL >> meteorite dealers is nil. Here is the key excerpt from the article, "It >> would also exempt merchants with online annual out-of-state sales of $1 >> million or less." >> >> I am personally on my way to $1M in sales this year and will gladly pay the >> extra tax when I reach my goal. I have till December 31 to sell another >> $995,000. Wish me luck. ;-) >> >> Mendy Ouzillou >> >> >>>________________________________ >>> From: Adam Hupe <[email protected]> >>>To: Adam <[email protected]> >>>Sent: Monday, May 6, 2013 1:29 PM >>>Subject: Re: [meteorite-list] Ebay, Websites and State Taxes >>> >>> >>>Not only do we need to worry about eBay's new flawed international shipping >>>ideas causing an increase in oversees shipment prices, we have to worry >>>about a domestic increase in sales taxes so we have problems on both fronts. >>> >>>Yes, our wonderful government (the senate) think that it is time that all >>>online sellers should become tax collectors for their respective states. >>>Those who host websites may be the first to start collecting around 10% in >>>states sales taxes from every sale. >>> >>>We need leadership more than ever in these financially depressed times. Big >>>government and the Post Office think that raising prices and taxes >>>substantially is the solution during a depression? Hello, Is there anybody >>>at the helm? Where is the "Commander With A Few Teeth" when you need some >>>form of leadership? >>> >>> >>>Raising taxes and fees during a depression is kicking somebody when they >>>have already been knocked down. >>> >>>Adam >>>______________________________________________ >>> >>>Visit the Archives at http://www.meteorite-list-archives.com >>>Meteorite-list mailing list >>>[email protected] >>>http://six.pairlist.net/mailman/listinfo/meteorite-list >>> >>> >> ______________________________________________ >> >> Visit the Archives at http://www.meteorite-list-archives.com >> Meteorite-list mailing list >> [email protected] >> http://six.pairlist.net/mailman/listinfo/meteorite-list > ______________________________________________ > > Visit the Archives at http://www.meteorite-list-archives.com > Meteorite-list mailing list > [email protected] > http://six.pairlist.net/mailman/listinfo/meteorite-list -- Jim Wooddell [email protected] 928-247-2675 ______________________________________________ Visit the Archives at http://www.meteorite-list-archives.com Meteorite-list mailing list [email protected] http://six.pairlist.net/mailman/listinfo/meteorite-list
