Reuters - Thursday, June 21, 2018 The Supremes, in a 5-4 ruling against Wayfair Inc (W.N), Overstock.com Inc (OSTK.O) and Newegg Inc, overturned a 1992 Supreme Court precedent that had barred states from requiring businesses with no "physical presence" in that state, like out-of-state online retailers, to collect sales taxes.
Not Newegg! That is heresy. Bad things happen with Trump.
When internet commerce was a fledgling industry the decision was made not to collect taxes. In my opinion, internet commerce does not need a tax break anymore, so I actually agree with this one. Make the internet play on the same field as brick and mortar stores.
"The great problem of any civilization is how to rejuvenate itself without rebarbarization." - Will Durant "We've kept more promises than we've even made" - Donald Trump "Of what meaning is the world without mind? The question cannot exist." - Edwin Land
MeDotOrg wrote:When internet commerce was a fledgling industry the decision was made not to collect taxes. In my opinion, internet commerce does not need a tax break anymore, so I actually agree with this one. Make the internet play on the same field as brick and mortar stores.
I think I'll support this as long as legislation that is drafted by the states (or maybe federally if the Nation Retail Federation has their way) looks similar to South Dakota's. Mainly the $100,000 break point where they begin charging sales tax, a solid win for the state but also not prohibitive to small businesses or craftsmen selling their goods online.
"If you consider what are called the virtues in mankind, you will find their growth is assisted by education and cultivation." -Xenophon of Athens