Quote:
Originally Posted by Nitehawk013
This only places a "huge accounting burden" on small businesses that decide they want to operate online. If they don't do online sales...they won't be bothered.
My take is simple. I enjoy NOT paying taxes when I do shop online occasionally. HOwever, that doesn't make it fair. If I go into a stor I have to pay taxes. Why shouldn't I pay them for shopping on line at a store. Further, it eliminates another of the unfair advantages online stores have over traditional storefronts. Physical stores have to pay all sorts of fees and taxes just to exist AND they have to charge sales taxes. Meanwhile, some slob in his pajamas can operate a "virtual store" online and not pay any of the normal fees and such the traditional store owner does. So he is already ahead. Then add that he has to charge no taxes and it is yet another advantage over the traditional store owner.
This may be a tax grab by the Fed, I don't doubnt it, but it also serves to help even the field a little so the traditional store owner isn't playing at an even greater handicap versus the online retailers.
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The largest realization of this bill is that EVERY state can perform a very costly audit on any on-line business in this country giving them the capability to put them out of business.
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