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06-21-2018, 11:55 AM | #1 |
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Big parts purchases via the internet
If you are planning of making any large purchases of parts via the internet you might want to do it ASAP.
The supreme court just ruled that states can force companies that do not do business in your state to collect sales taxes. This will change the hobby even more. I m not sure if the ruling is retro active or not. |
06-21-2018, 01:33 PM | #2 |
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Re: Big parts purchases via the internet
saw that as well..
definitely going to hurt small businesses. undoubtedly someone will develop an app to track and collect tax.. and charge small businesses to use it.. win for some? loss for all?
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06-21-2018, 03:32 PM | #3 |
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Re: Big parts purchases via the internet
What if your state does not have a sales tax?
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06-21-2018, 04:58 PM | #4 |
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Re: Big parts purchases via the internet
If your state does not have a sales tax you probably won't get taxed on items purchased
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06-21-2018, 05:07 PM | #5 | |
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Re: Big parts purchases via the internet
Quote:
There are only five states WITHOUT any sales tax...….Delaware, New Hampshire, Montana, Oregon and Alaska. DD |
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06-21-2018, 05:21 PM | #6 |
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Re: Big parts purchases via the internet
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06-21-2018, 06:54 PM | #7 |
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Re: Big parts purchases via the internet
taxes, shmackses.
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06-22-2018, 05:10 AM | #8 |
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Re: Big parts purchases via the internet
The Australian Tax Office has just introuced a new law requiring US companies that turn over $75,000. Per annum to collect a 10% sales tax on all sales under $ 1000. Commencing on the 1st of July and remit to the ATO monthly. It is my understanding there are a few Ford parts suppliers that will no longer be supplying us with parts due to the extra paperwork and compliance. Dave
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06-22-2018, 04:43 PM | #9 |
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Re: Big parts purchases via the internet
Here in Oregon the "Boarder Sales" is BIG business! And the 'down under' fellows will need an 'Agent' to manage their purchases. I see a business opportunity, aye? I've followed loads of building materials across State lines many times. Newc
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06-22-2018, 04:53 PM | #10 |
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Re: Big parts purchases via the internet
Correction ! Alaska does have local sales tax but no state tax just like Nevada .
Vic |
06-22-2018, 04:55 PM | #11 | |
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Re: Big parts purchases via the internet
Quote:
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06-22-2018, 05:43 PM | #12 |
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Re: Big parts purchases via the internet
I used to work for a company here in Canada and we were forced to collect and remit taxes for several states when we sold and shipped to somebody in that state. Across borders! Either that or we were not allowed to do business in those states.
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06-23-2018, 01:35 AM | #13 |
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Re: Big parts purchases via the internet
It's aimed at amazon and other online sellers. Big T push, more taxes... I guess it's good
Walmart was a huge T campaign contributor. politicians are always politicians. Just the beginning of the hike. Rollbacks of laws made to protect, are the shackles. I won't go into the dismantling of US FDR national "public" land either. . Last edited by Tinker; 06-23-2018 at 02:16 AM. |
06-23-2018, 05:47 AM | #14 |
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Re: Big parts purchases via the internet
Just bought a couple small items off Ebay for the farm and got hit with tax at checkout. Every time an item changes hands now it will be taxed and pretty soon the tax paid will be more than the item cost new.
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06-23-2018, 08:35 AM | #15 |
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Re: Big parts purchases via the internet
Tinker...I hate to start political arguments, but the Walton family supported Hillary Clinton in 2016, donating around $714,000 to her campaign and the Democrats. Two of the Waltons each gave $354,000 to the Hillary Victory Fund. The Walmart Foundation and the Walton Family Foundation each contributed between $1 million and $5 million to the Clinton Foundation. The Waltons did not contribute anything to the Trump election effort.
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06-23-2018, 09:04 AM | #16 |
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Re: Big parts purchases via the internet
This is basically still just a president since it is early after the recent SCOTUS decision but it did open the door. Where this is going is up to the states affected and the US Congress. The problem with it is that it literally opened a very large barrel of worms. If it is pressed, internet sellers will have to pay the taxes to any affected state that they sell into. This is almost an impossible thing to do. They will be running out of checks and stamps pretty quick. The SCOTUS evidently didn't think this thing through very well since is will close down internet sales for the most part. It's going to have an affect on a lot of catalog sales as well. This isn't going to work out well. I just wonder how long it will take the government to figure it out? This thing will affect red states as much as blue ones.
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06-23-2018, 05:01 PM | #17 | |
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Re: Big parts purchases via the internet
Quote:
Russia did! And boy things are really looking up for the Republicans Sad
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06-23-2018, 06:31 PM | #18 |
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Re: Big parts purchases via the internet
it's getting political here, careful, they'll shut down this informative thread. . . better yet, talk it up!
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06-23-2018, 07:39 PM | #19 |
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Re: Big parts purchases via the internet
It's going to take a while for this decision to settle out. For a retailer, it's probably a no brainer as they have to collect tax for sales in their home state and a simple computer program for taxes in other states should be avaialble although the compliance situation (reporting and remitting the tax to each state) has a major money and time cost. For ebay sales, some sellers already collect tax in certain instances so that doesn't seem to be a problem (except for the compliance situation).
For a hobbyist that occasionally sells it can be a nightmare if there is no exclusion for occasional sales. Sales like ones made through individual sites like this one are likely to fly under the radar
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06-23-2018, 07:44 PM | #20 | |
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Re: Big parts purchases via the internet
Quote:
You're not, it's all good. check this out, hows that for hedging your bet. https://www.opensecrets.org/orgs/tot...&id=D000000367 Geez I hope we don't continue making policy based on how butt hurt one guy is. Get ready folks, your guess is better then mine, policy takes 2 yrs to effect us. Have to start hitting those swaps again! Back to the 50's is going on right now in MN. Last edited by Tinker; 06-23-2018 at 11:52 PM. |
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