[meteorite-list] Ebay, Websites and State Taxes

From: Richard Montgomery <rickmont_at_meteoritecentral.com>
Date: Mon, 6 May 2013 17:15:56 -0700
Message-ID: <7E4FEA573F3647A0B78CE26BE82D693A_at_bosoheadPC>

The Law of Unintended Consequences usually isn't in the view of the career
politician since they discard the concept of a dynamic model.....Adam is
correct: it will force the small guy to retreat. Fortunately, the strong
are inovative and will define the dynamic....

Richard Montgomery


----- Original Message -----
From: "Adam Hupe" <raremeteorites at yahoo.com>
To: "Adam" <meteorite-list at meteoritecentral.com>
Sent: Monday, May 06, 2013 4:03 PM
Subject: Re: [meteorite-list] Ebay, Websites and State Taxes




Gary is correct. It is up to the states how they want online sellers to
collect taxes for them and this bill will clear the way. When I lived in
Washington State, they did not hesitate to put their hands out for money
regardless of where the items were sold or whether you had a storefront or
not.

Anybody who listens to a politician or believes what is written (hidden) in
a bill needs a quick education. More than likely, this eduction will come in
the form of a very light wallet. This bill will open the door for state
revenuers to hassle the small guy relentlessly. They won't be happy until
your pockets are completely empty..

Give a politician an inch an they will take a mile.

Adam




----- Original Message -----
From: Gary Fujihara <fujmon at mac.com>
To: Jim Wooddell <jimwooddell at gmail.com>
Cc: Meteorite List <meteorite-list at meteoritecentral.com>
Sent: Monday, May 6, 2013 3:33 PM
Subject: Re: [meteorite-list] Ebay, Websites and State Taxes

No, but as a Hawaii resident I must pay excise taxes on all sales, in state,
out of state and international.

gary

On May 6, 2013, at 12:23 PM, Jim Wooddell <jimwooddell at gmail.com> wrote:

> 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 <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.
>>>>
>>>> Adam
>>>> ______________________________________________
>>>>
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>>>>
>>>>
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>>
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>
>
>
> --
> Jim Wooddell
> jimwooddell at gmail.com
> 928-247-2675
> ______________________________________________
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Gary Fujihara
Big Kahuna Meteorites Inc.
PO Box 4175, Hilo, HI 96720
(808) 640-9161
http://bigkahuna-meteorites.com/
http://www.ebay.com/sch/fujmon/m.html

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Received on Mon 06 May 2013 08:15:56 PM PDT