Idiotic Cole Deines, CNN: The tax you should be paying

What do your 2010 online holiday shopping purchases have to do with the budget gaps many states are struggling to fill right now? In the eyes of some state and federal legislators, the sales tax that is not being collected by many online merchants is revenue that could help stem the bleeding of state treasuries.

What most shoppers don't know is that they should be paying taxes on most online purchases, even when the retailer doesn't collect.

Because of two decades-old Supreme Court decisions, a state cannot require "remote sellers" -- any business without a physical presence in that state -- to collect and remit sales tax. Despite this, sales tax is still due in most states, and it's the purchaser's responsibility to pay it.
Advertisement

In instances when online retailers don't collect sales tax, 45 states (and the District of Columbia) require residents to calculate and remit the tax directly to their local taxing authority. When a sales tax is paid in this manner it's called a "use tax," and it's not new. Use tax laws have been on the books in most states much longer than the internet has been around, let alone "one-click" shopping.

ANCAPS: ANARCHO-CAPITALISTS

Mad finger

_________________
Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband
“The state calls its own violence law, but that of the individual, crime.”-- Max Stirner
"Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann

Idiotic Cole Deines, CNN: The tax you should be paying

Idiotic Cole Deines, CNN: The tax you should be paying

Anarcho-Capitalist Non-Miscellaneous

According To AnCaps, The Idiot Of The Week Award Nominees Are...