Megadragon15
Member
This is about as fair as putting a postal surcharge on e-mail.
Gatekeeper said:Speaking as a small business owner with a Brick-and-mortar storefront AND an internet presence both based in a state without sales tax, this bill would force me out of business. I don't have the time to manage tens of thousands different sales tax amounts, nor do I have the money to hire someone to do it for me. State tax amounts would need to be drastically streamlined across the country to give small businesses like mine a chance to keep up.
If you don't have a problem paying the tax, maybe you should just be paying the use tax your state probably has on the books rather than supporting convoluted legislation.
Fuzzery said:shipping is basically already like an internet tax![]()
bggrthnjsus said:you know if they did this on amazon and always included the interweb tax in the displayed price, i probably wouldn't even notice :lol
gcubed said:prices are kept competitive because there is no sales tax on one side? How does this even make sense? If you slap on an extra 6% the original price of the product isn't going up. What it will do is push more sales to b&m stores.
Monroeski said:If there was an internet tax in place right now, GAF would have completely eradicated the national debt during the Summer and Holiday Steam sales.![]()
Six Months to Go Until The Largest Tax Hikes in History
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:
Higher taxes on marriage and family. The marriage penalty (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.
The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.
Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or depreciate) equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be depreciated.
scorcho said:How is this a slippery slope if all it does is close a tax loophole? This could affect smaller online retailers, but could likewise help smaller brick and mortar businesses that are forced to collect sales taxes on purchased goods. It seems a push between the two while also giving local and state governments a solid way to help close budget deficits.
Welp, if you own two homes and a retirement account better hurry up and die.The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
All part of Obama's very clever plan. First he used TARP money to stimulate home purchases, then he puts a 55% tax on any American who dies with 2 or more homes.MoxManiac said:55 percent! What the fuck!
MoxManiac said:Hopefully this doesn't go through. Fuck democrats and their tax shit. But fuck republicans too, they are just as bad in different ways.
The only logical choice is for me to be an independant.
EDIT: Holy shit at Game Analyst's link WTF WTF WTF
Game Analyst said:Off topic but a topic that is still about taxes:
http://www.atr.org/sixmonths.html?content=5171##ixzz0sufQOAwQ
More tax info at link.
Macam said:Game Analyst is a conservative troll shilling for the continuation of Bush's infamously tax cuts from earlier in the decade with dubious sources (you know, those cuts for rich people that helped propel our debt to astronomical levels near the outset? Yes, those). He's not to be taken seriously.
Game Analyst said:Off topic but a topic that is still about taxes:
http://www.atr.org/sixmonths.html?content=5171##ixzz0sufQOAwQ
More tax info at link.
MoxManiac said:Fair enough, are you saying the information in his link is false? I see tax hikes for everyone in there, not just the rich.
Macam said:Game Analyst is a conservative troll shilling for the continuation of Bush's infamously tax cuts from earlier in the decade with dubious sources (you know, those cuts for rich people that helped propel our debt to astronomical levels near the outset? Yes, those). He's not to be taken seriously.
They could make so much more doing both which is what normally happens.Calantus said:They could make so much more if they just taxed the corporations [more]..
Game Analyst said:Off topic but a topic that is still about taxes:
http://www.atr.org/sixmonths.html?content=5171##ixzz0sufQOAwQ
More tax info at link.
Macam said:It's a Grover Norquist institution. And in case you don't know who that is, he's a fanatical anti-tax, anti-government far right zealot of the type you would find in the depths of the Tea Party movement (albeit richer and more knowledgeable of politics since he's been financing the establishment on the Right for three decades or so).
His source is the equivalent of me linking to a Jack Thomspon website showing clear studies of how violent video games increases acts of aggression by 62% and first degree murders by teenagers by 13%. There's so much crap laying on top of the actual relevant facts he's spinning, that it makes the depths of BP oil spill look positively shallow in comparison.
Heres whats rising to the top of the list of probable hikes for individuals:
* Boosts in top marginal rates from 33% and 35% to 36% and 39.6%. No change in the other marginal rates seems likely.
* A higher rate on capital gains and dividends, but only for those in the top brackets. They will probably be hit with a 20% rate, though it could go a little higher.
* Caps on itemized deductions for top earners. Obamas push to limit the value of deductions at 28% ran into a wall of opposition from charitable groups, but hes not giving up. Some way of curtailing the tax break still seems likely by 2011.
* No repeal of estate taxes, but count on an exemption of at least $3.5 million, and it could be set as high as $5 million if the Senate prevails. Estate tax legislation will include spousal transfers, making the exemption $7 million or more for couples. The estate tax rate will be capped at 45%, the same as it is now.
* More easings for the alternative minimum tax, but no repeal.
Businesses can expect a mixed bag of hikes and cuts, but with a higher total tax bill. Among the changes:
* Higher SECA taxes for owners of S firms and partnerships by blocking them in the future from skirting payroll taxes by taking their compensation as dividends instead of salary.
* New restrictions on worker classification to make it easier for the IRS to crack down on firms that treat workers as contractors who are really employees.
* And elimination of some tax breaks for big corporations, including the deduction for domestic production, accelerated depreciation and incentives for foreign income and oil production.
But there may be a silver lining, at least for big corporations: Congress will consider lowering the 35% top corporate tax rate by several percentage points.
Longer term, tax hikes will go even further and hit more people and businesses. The only other option is deep cuts in spending, including Social Security, Medicare and defense, and the public wont buy that. As a result, anyone making more than $100,000 a year will be at risk for higher taxes. The most likely option is to raise the cap on income subject to payroll taxes. It now stands at $106,800.
Game Analyst said:1. I am for anyone who is honest and is actually trying to protect US citizens.
2. I saw the article on Drudge last week.
3. Thank you for slandering me for no reason.
Javaman said:This is straight from Kiplinger...
http://www.kiplinger.com/businessresource/forecast/archive/tax_hikes_coming_in_2011_090424.html
Macam said:It's a Grover Norquist institution. And in case you don't know who that is, he's a fanatical anti-tax, anti-government far right zealot of the type you would find in the depths of the Tea Party movement (albeit richer and more knowledgeable of politics since he's been financing the establishment on the Right for three decades or so).
His source is the equivalent of me linking to a Jack Thomspon website showing clear studies of how violent video games increases acts of aggression by 62% and first degree murders by teenagers by 13%. There's so much crap laying on top of the actual relevant facts he's spinning, that it makes the depths of BP oil spill look positively shallow in comparison.
EDIT: The administration is not tone deaf to the needs of small business and has made numerous attempts to alleviate their burden; we saw that in the stimulus bill, the health care bill, and so on. If the expiration of the Bush tax cuts provide an undue burden on small business, exemptions can be made as necessary, especially given the fragile economy. It's nonsense to suggest that only Republicans will do so; if anything, it'll be Republicans in the Senate who would likely hold up any such bill, since we can't have the administration and Congress get anything done that may have political positive ramifications ahead of the election.
weekend_warrior said:In NY we already pay sales tax on internet purchases. :|
bill0527 said:The Bush tax cuts.
This shouldn't really come as a surprise. Democrats have said all along that they plan to let the Bush tax cuts expire.
What may come as a surprise to most people is that these tax cuts were not just "for the rich" as Democrats have characterized them in their talking points for years. A lot of Americans and small businesses will be getting tax increases next year.
The only way this doesn't happen is if Republicans get control of Congress this fall and that's not very likely to happen.
MoxManiac said:EDIT: Holy shit at Game Analyst's link WTF WTF WTF
bill0527 said:Everything he posted was factual.
Here's a link to the actual bill if you'd like to read it.
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=108_cong_bills&docid=f:h2enr.txt.pdf
JGS said:On topic, internet sales should be taxed.
AstroLad said:Let me just say when I see the Welfare People walking through Newark, there's no effing way I think they should get a couple bucks out of everything I buy from Amazon. Pretty much all that needs to be said right there. If more people got real jobs instead of living off the state or "working" for government we wouldn't even be having this discussion.
gcubed said:its akin to saying that we will spend $0 on defense spending next year, because the bill isn't passed yet.
bill0527 said:I don't think we're on the same page.
The bill I linked was the Bush tax cuts from 2003. This is what will expire at the end of this year.
Game Analyst said:1. I am for anyone who is honest and is actually trying to protect US citizens.
2. I saw the article on Drudge last week.
3. Thank you for slandering me for no reason.
EDIT- (Misunderstood) It's the state of the buyer.Javaman said:Dumb question, but is the tax kept by the state of the seller or does the seller have to send the tax money back to the state of the buyer?
Zero Hero said:Is the republican chicken hawk meme still banned? There is some gold ITT.
LosDaddie said:If this bill/tax doesn't go through now, then it's going to happen eventually. I don't know how anyone with a brain could think otherwise. Personally, I'm surprised online sales aren't taxed already.
And yes, I'll be upset I'm paying more, but that's life.
Game Analyst said:Off topic but a topic that is still about taxes:
http://www.atr.org/sixmonths.html?content=5171##ixzz0sufQOAwQ
More tax info at link.
You want to protect US citizens? Let's cut spending and/or increase taxes so we're actually paying for the services/goods the government provides us. And if we cut spending, don't even think of making your priorities for cuts be in education, veterans benefits and services, training, employment, and social services: Combined, they don't even make up 10% of our budget.Game Analyst said:1. I am for anyone who is honest and is actually trying to protect US citizens.
2. I saw the article on Drudge last week.
3. Thank you for slandering me for no reason.
GaimeGuy said:That means everyone who made more than $106,000 last year had a lower tax rate than everyone who made less than $106,000.