They've passed a bill extending the Net Tax ban at least 4 years. Also, goods purchased over the internet cannot be taxed differently than store purchases. Sadly, this does not address the taxing of goods sold online as a whole.
As it stands, I believe businesses that are based in, or have a presence of some kind (I was never exactly clear on that last point) in your state must pay taxes on items you purchase to the state gov't. As long as Newegg doesn't open a storefront in TN, I'm good 🙂
My understanding of the taxing of online purchases is if they have any sort of business presence in your state, they must collect taxes. So, if they have a distribution center in Tennessee, even though they are based in California, they would have to collect tax.
Then there is the whole State Attorney General's going after major online retailers and telling them if they start collecting state sales tax now, they won't bring them up on charges down the road. This is why places like Dell now charge sales tax regardless of whether or not they have a presence in your state.
My understanding of the taxing of online purchases is if they have any sort of business presence in your state, they must collect taxes. So, if they have a distribution center in Tennessee, even though they are based in California, they would have to collect tax.
Then there is the whole State Attorney General's going after major online retailers and telling them if they start collecting state sales tax now, they won't bring them up on charges down the road.This is why places like Dell now charge sales tax regardless of whether or not they have a presence in your state.
It's a crock of hooey if you ask me.....
Roger that. If it's legal to do it now, I can't get behind a law that could make something RETROACTIVELY illegal. That sort of thing stinks to high heaven. Has anyone actually made that threat RECENTLY? The last time I heard that was a few years ago.
Okay this is my understanding. When you purchase something from the net you are really supposed to pay state taxes on it no matter where you get it from. If the company is in that state, they do it for you obviously.
As it is right now you are supposed to report it on your state tax form and then pay them accordingly. The problem is as it is right now it is the honor system and most people do not bother, myself included. 🙂
Not paying tax helps cover the shipping usually.
I am not 100% sure n this but that is what I always thought.
Some states, like Oklahoma, are actually including an Internet Sales Tax line on the tax return. They calculate it based on your income. I believe you have to jump through tons of hoops to get it taken off.
The good news is Sales Tax is now deductible on your Federal Taxes. For a state like Texas that has no Income tax, but higher Sales Tax, this is a good thing.
Is that the US version of the VAT? On one hand, I support it because it means 11 Million Illegals would start contributing to the countries tax burden. On the other hand, is it fair to change the rules when all of these people purchased a home because of the tax right off?
Not to mention the fact it would mean politicians couldn't come up with some strangely calculated income tax deduction to cater to a particular interest group?
You know, the do you have more than 3.3 children, but less than 4.1 children? If so, you can take the lesser of $4.9458673 or $3.2183456 per .1 children between the median of the lesser of 4.1-3.3 children born during months that start with M, but only if they are the 2nd child.
Atomm wrote: You know, the do you have more than 3.3 children, but less than 4.1 children? If so, you can take the lesser of $4.9458673 or $3.2183456 per .1 children between the median of the lesser of 4.1-3.3 children born during months that start with M, but only if they are the 2nd child.
🤔 Umm. . .uh. . .oh, I see, it's. . . no, wait. . .ahhh. . .err. . . 🤮
You know, the do you have more than 3.3 children, but less than 4.1 children? If so, you can take the lesser of $4.9458673 or $3.2183456 per .1 children between the median of the lesser of 4.1-3.3 children born during months that start with M, but only if they are the 2nd child.