INTERNET SALES TAX

BAJJERFAN · September 14, 2019 6:03AM

Looks like now that some states are going after ST that should have been collected in past years. If successful, what effect could that have on coin/bullion dealers?

https://finance.yahoo.com/news/south-carolina-court-rulings-amazoncould-give-amazon-tax-third-party-sellers-121047035.html

TwoSides2aCoin · September 14, 2019 7:06AM

No tax on coins & bullion in Nebraska. Ah but our property taxes are some of the highest in the nation, as an aside. And who knows why ? The rest of the world flies over.

BStrauss3 · September 14, 2019 7:12AM

Nothing new. NY State did a major push against NJ "residents" thirty years ago. Supposedly, NYS revenue agents walked into Fortuneoff on 5th avenue and slapped a warrant on the counter for "all sales in the NY store over some $ value that were shipped to NJ residents without paying tax".

A little name and address matching and they had a list to send demand letters for the use tax.
Sent the remainder of the list to NJ who send demand letters for their residents.

If you sent it to your friends address in NJ in YOUR name, you got the letter. If you sent it in THEIR name, they got the letter.

I'm not saying I got said letter (trust me I don't move in those brackets). But FoFoFoMP did (Friends of Friends of Friends of My Parents)

coinpalice · September 14, 2019 7:37AM

retroactive tax collection from out-of-state sellers and marketplace facilitators is unconstitutional. as states continue to have budget shortfalls, will continue to look for ways to get our last dollar

2ndCharter · September 14, 2019 7:40AM

No sales tax on coins and currency in South Carolina - nothing to see here.

Kkathyl · September 14, 2019 7:49AM

NY sucks. In Last year I lived there I had zero tax income Jan & Feb. moved to Fl. They tried telling me I owed 2/12 of the earnings I earned while in FL. I said H to the double L No. they lost that fight. Tri state area is brutal tax. Glad I moved to a little r town her in Fl. Blue states are the worst.

fiftysevener · September 14, 2019 7:58AM

The only thing these states can gain by these policies is more liberal politicians

ctf_error_coins · September 14, 2019 8:10AM

Here we go again ....

"Blue states are the worst"

"is more liberal politicians"

johnny9434 · September 14, 2019 8:26AM

its all a money grab now

jmski52 · September 14, 2019 8:30AM

It won't stop until the pitchforks are real.

ARCO · September 14, 2019 8:46AM

Bezos is a billionaire, he will be just fine.

jmlanzaf · September 14, 2019 8:52AM

@ARCO said:
Bezos is a billionaire, he will be just fine.

That's really not the point. The ruling would open the door beyond just Amazon.

Exbrit · September 14, 2019 9:42AM

@Kkathyl said:
NY sucks. In Last year I lived there I had zero tax income Jan & Feb. moved to Fl. They tried telling me I owed 2/12 of the earnings I earned while in FL. I said H to the double L No. they lost that fight. Tri state area is brutal tax. Glad I moved to a little r town her in Fl. Blue states are the worst.

You and about 64,000 of your NY friends moved to Florida last year. Growing trend?

mapleman · September 14, 2019 10:26AM

@Kkathyl said:
NY sucks. In Last year I lived there I had zero tax income Jan & Feb. moved to Fl. They tried telling me I owed 2/12 of the earnings I earned while in FL. I said H to the double L No. they lost that fight. Tri state area is brutal tax. Glad I moved to a little r town her in Fl. Blue states are the worst.

Reason I left N.Y. btw California attempted to tax pensions of ex pats who fled the state, claiming it was earned in California.
SCOTUS said unconstitutional.

ARCO · September 14, 2019 11:49AM

@jmlanzaf said:

@ARCO said:
Bezos is a billionaire, he will be just fine.

That's really not the point. The ruling would open the door beyond just Amazon.

Most assuredly. Since the article highlighted Amazon, and it was the OP's conjecture and not the tone of the article itself. For now, it is about Amazon.

ricko · September 14, 2019 3:33PM

NYS is horrible for taxes...and many other reasons....My wife and I are definitely looking at moving....Cheers, RickO

Raybo · September 14, 2019 4:13PM

@ricko said:
NYS is horrible for taxes...and many other reasons....My wife and I are definitely looking at moving....Cheers, RickO

Please don't look towards moving to Illinois ricko.
Illinois is the worst state EVER!

Exbrit · September 14, 2019 6:18PM

@ricko said:
NYS is horrible for taxes...and many other reasons....My wife and I are definitely looking at moving....Cheers, RickO

What do they charge you to get out of that State?

@Raybo said:

Please don't look towards moving to Illinois ricko.
Illinois is the worst state EVER!

I thought Illinois was bankrupt. Maybe they can raise the tolls a little more or maybe property taxes

fox9487 · September 14, 2019 7:25PM

@Kkathyl said:
NY sucks. In Last year I lived there I had zero tax income Jan & Feb. moved to Fl. They tried telling me I owed 2/12 of the earnings I earned while in FL. I said H to the double L No. they lost that fight. Tri state area is brutal tax. Glad I moved to a little r town her in Fl. Blue states are the worst.

I LOVE NY. Our roads are mostly half way decent, schools are mostly well funded, a majority of the adults are educated and wear shoes both at work and at home, and a women still has a choice. Smoke that.

amwldcoin · September 14, 2019 8:13PM

LOLOLOL! Move down South!

@fox9487 said:

@Kkathyl said:
NY sucks. In Last year I lived there I had zero tax income Jan & Feb. moved to Fl. They tried telling me I owed 2/12 of the earnings I earned while in FL. I said H to the double L No. they lost that fight. Tri state area is brutal tax. Glad I moved to a little r town her in Fl. Blue states are the worst.

I LOVE NY. Our roads are mostly half way decent, schools are mostly well funded, a majority of the adults are educated and wear shoes both at work and at home, and a women still has a choice. Smoke that.

fox9487 · September 14, 2019 9:25PM

@amwldcoin said:
LOLOLOL! Move down South!

@fox9487 said:

@Kkathyl said:
NY sucks. In Last year I lived there I had zero tax income Jan & Feb. moved to Fl. They tried telling me I owed 2/12 of the earnings I earned while in FL. I said H to the double L No. they lost that fight. Tri state area is brutal tax. Glad I moved to a little r town her in Fl. Blue states are the worst.

I LOVE NY. Our roads are mostly half way decent, schools are mostly well funded, a majority of the adults are educated and wear shoes both at work and at home, and a women still has a choice. Smoke that.

I see enough Confederate flag waving up here by Yankees. The kool aid. No need to go see it 10 fold down there. & the irony, I was born in Georgia.

ArtVandelay · September 14, 2019 9:44PM

Left and right leaning states are both on board with the internet tax. A simple google search can give you these results.

Imagine if we lived in a country where people educated themselves before throwing stones and spewing partisan political rhetoric.

batumi · September 15, 2019 12:15AM

@Raybo said:

@ricko said:
NYS is horrible for taxes...and many other reasons....My wife and I are definitely looking at moving....Cheers, RickO

Please don't look towards moving to Illinois ricko.
Illinois is the worst state EVER!

The only positive of Illinois is they have no sales tax on coins and bullion-yet!

Desert Moon · September 15, 2019 12:24PM

@Kkathyl said:
NY sucks. In Last year I lived there I had zero tax income Jan & Feb. moved to Fl. They tried telling me I owed 2/12 of the earnings I earned while in FL. I said H to the double L No. they lost that fight. Tri state area is brutal tax. Glad I moved to a little r town her in Fl. Blue states are the worst.

Hmm... Here in little ole Texas red, thems property taxes are through the roof. I think it is disingenuous to suggest whether a state is blue or red relates to taxation - they all want every penny they can get, they just use different ways to get it..............

winesteven · September 15, 2019 6:00PM

@fox9487 said:

I LOVE NY. Our roads are mostly half way decent, schools are mostly well funded, a majority of the adults are educated and wear shoes both at work and at home, and a women still has a choice. Smoke that.

So the other half of the roads have potholes. I left NY in 2001 for Florida. The best two things are:

No state income tax.
You don’t have to shovel sunshine.

Steve 😁

PerryHall · September 15, 2019 6:13PM

@winesteven said:

@fox9487 said:

I LOVE NY. Our roads are mostly half way decent, schools are mostly well funded, a majority of the adults are educated and wear shoes both at work and at home, and a women still has a choice. Smoke that.

So the other half of the roads have potholes. I left NY in 2001 for Florida. The best two things are:

No state income tax.

You don’t have to shovel sunshine.

Steve 😁

I moved to Florida last year from The Peoples Democratic Socialist Republic of Maryland to be close to the grand kids. The much lower tax rates are a nice bonus and I sure don't miss the ice and snow.

BAJJERFAN · September 15, 2019 6:39PM

@ARCO said:

@jmlanzaf said:

@ARCO said:
Bezos is a billionaire, he will be just fine.

That's really not the point. The ruling would open the door beyond just Amazon.

Most assuredly. Since the article highlighted Amazon, and it was the OP's conjecture and not the tone of the article itself. For now, it is about Amazon.

Did Amazon, eBay et al agree to collect the ST as a courtesy or has it now become a legal obligation?

derryb · September 16, 2019 6:02AM

@winesteven said:

@fox9487 said:

I LOVE NY. Our roads are mostly half way decent, schools are mostly well funded, a majority of the adults are educated and wear shoes both at work and at home, and a women still has a choice. Smoke that.

So the other half of the roads have potholes. I left NY in 2001 for Florida. The best two things are:

No state income tax.

You don’t have to shovel sunshine.

Steve 😁

And,
3. You don't have to wear shoes.

ARCO · September 16, 2019 6:09AM

@BAJJERFAN said:

@ARCO said:

@jmlanzaf said:

@ARCO said:
Bezos is a billionaire, he will be just fine.

That's really not the point. The ruling would open the door beyond just Amazon.

Most assuredly. Since the article highlighted Amazon, and it was the OP's conjecture and not the tone of the article itself. For now, it is about Amazon.

Did Amazon, eBay et al agree to collect the ST as a courtesy or has it now become a legal obligation?

Not a courtesy. It is a legal obligation.

ctf_error_coins · September 16, 2019 6:12AM

I have never paid a Toll to drive on a road in free California

And our roads are awesome Because of Taxes. Thank you, California

jmlanzaf · September 16, 2019 7:27AM

@ErrorsOnCoins said:
I have never paid a Toll to drive on a road in free California

And our roads are awesome Because of Taxes. Thank you, California

@ErrorsOnCoins said:
I have never paid a Toll to drive on a road in free California

And our roads are awesome Because of Taxes. Thank you, California

You know, you are actually allowed to send the government more money than is legally required. Give them an extra 25% next year and get some REALLY nice roads.

ctf_error_coins · September 16, 2019 7:35AM

Fair taxation of everyone and every corporation make society better.

jmlanzaf · September 16, 2019 7:59AM

@ErrorsOnCoins said:
Fair taxation of everyone and every corporation make society better.

Good luck getting anyone to agree on what "fair" means.

winesteven · September 16, 2019 8:01AM

@ErrorsOnCoins said:
I have never paid a Toll to drive on a road in free California

And our roads are awesome Because of Taxes. Thank you, California

Fair taxation of everyone and every corporation make society better.

And how’s the Homeless situation throughout California?
And how’s the Sanctuary City/State situation where the needs of people here illegally, especially those being released from police custody, are placed above the needs of California residents here legally.
And who is to say that our current system of taxation is not currently fair, when the top 1% of people by income provide about 37% of the total revenue collected by individual income taxes, and the bottom 50% of people by income provide only about 3% of the total individual income taxes collected by the federal government? Seems pretty fair to me! Take a look at the high tax rates paid by middle income families in Europe, and tell me how our tax system is not fair!

ctf_error_coins · September 16, 2019 8:18AM

@winesteven said:

@ErrorsOnCoins said:
I have never paid a Toll to drive on a road in free California

And our roads are awesome Because of Taxes. Thank you, California

Fair taxation of everyone and every corporation make society better.

And how’s the Homeless situation throughout California?

And how’s the Sanctuary City/State situation where the needs of people here illegally, especially those being released from police custody, are placed above the needs of California residents here legally.

And who is to say that our current system of taxation is not currently fair, when the top 1% of people by income provide about 37% of the total revenue collected by individual income taxes, and the bottom 50% of people by income provide only about 3% of the total individual income taxes collected by the federal government? Seems pretty fair to me! Take a look at the high tax rates paid by middle income families in Europe, and tell me how our tax system is not fair!

California has exceptionally mild weather. The homeless can sleep outside without freezing to death.

Sanctuary cities are awesome as they protect families, Jesus would be proud.

Income inequity in the US is at an all-time high or close to it? Yes, the super-rich Need to taxed waaaaay more.

amwldcoin · September 16, 2019 9:34AM

Bites Lip!

LindeDad · September 16, 2019 9:49AM

Boy is it getting deep in here today.

Zoins · September 16, 2019 10:11AM

@ErrorsOnCoins said:

@winesteven said:

@ErrorsOnCoins said:
I have never paid a Toll to drive on a road in free California

And our roads are awesome Because of Taxes. Thank you, California

Fair taxation of everyone and every corporation make society better.

And how’s the Homeless situation throughout California?

And how’s the Sanctuary City/State situation where the needs of people here illegally, especially those being released from police custody, are placed above the needs of California residents here legally.

And who is to say that our current system of taxation is not currently fair, when the top 1% of people by income provide about 37% of the total revenue collected by individual income taxes, and the bottom 50% of people by income provide only about 3% of the total individual income taxes collected by the federal government? Seems pretty fair to me! Take a look at the high tax rates paid by middle income families in Europe, and tell me how our tax system is not fair!

California has exceptionally mild weather. The homeless can sleep outside without freezing to death.

Sanctuary cities are awesome as they protect families, Jesus would be proud.

Income inequity in the US is at an all-time high or close to it? Yes, the super-rich Need to taxed waaaaay more.

Not only that, in California they do fundraisers for the homeless, to keep them homeless by stopping low income housing projects.

Some of the homeless live in parks and the parks are considered dangerous at night now.

ReadyFireAim · September 16, 2019 1:44PM

@PerryHall said:
I moved to Florida last year from The Peoples Democratic Socialist Republic of Maryland to be close to the grand kids.

Many of us from PA avoid MD like the plague.
I know I have to clean my car out and make sure my papers are in order before crossing into MD.

NY isn't much better.
"What's that in the back seat?...GET OUT OF THE CAR!!!"
"It's a telescope officer...???"

Kkathyl · September 17, 2019 8:52AM

Yikes sorry guys looks like I opened a can. Don’t believe Amazon is collecting tax but will check that out. eBay has a roll out plan on its site with dates for each state. So EBay is collecting and that is ok but does no alleviate liabilities to anyone on the issue.

Here is a coin to ponder as we complain about taxes