[meteorite-list] Ebay, Websites and State Taxes

From: Jim Wooddell <jimwooddell_at_meteoritecentral.com>
Date: Mon, 6 May 2013 15:23:49 -0700
Message-ID: <CAH_zgwEej9abag-q1rhzLpJuU8DQ4zms7cKkP2ZzZ79H-W0tPA_at_mail.gmail.com>

 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.


On Mon, May 6, 2013 at 2:54 PM, Jason Utas <meteoritekid at gmail.com> 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 <raremeteorites at yahoo.com> 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 <ouzillou at yahoo.com>
>> To: Adam Hupe <raremeteorites at yahoo.com>; Met-List <meteorite-list at meteoritecentral.com>
>> 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 <raremeteorites at yahoo.com>
>>>To: Adam <meteorite-list at meteoritecentral.com>
>>>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.
>>>Visit the Archives at http://www.meteorite-list-archives.com
>>>Meteorite-list mailing list
>>>Meteorite-list at meteoritecentral.com
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Jim Wooddell
jimwooddell at gmail.com
Received on Mon 06 May 2013 06:23:49 PM PDT

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