United States Supreme Court Ruling today regarding out of state sales tax

[imperio]

Originally Posted by tyler1980

i still don't see what greed has to do with anything. Sales tax was always "due" the only thing that has changed is who is collecting it. I suspect if the compliance was higher from the buyer competing the tax form with the state then it wouldn't be necessary, but they don't and think its a "tax free"... its not. IMO its preventing tax cheating.

Agreed!

[swils8610]

Typical...surprised it took this long.


Sent from my iPhone using Tapatalk Pro

[bayerische]

I guess this is good news...? Tax evasion is what it has been.

[Cru Jones]

Originally Posted by bayerische

I guess this is good news...? Tax evasion is what it has been.

+1

and it also has been unfair competition for in-state brick & mortar stores with in-state employees and in-state tax payments.

[tyler1980]

Originally Posted by Cru Jones

+1

and it also has been unfair competition for in-state brick & mortar stores with in-state employees and in-state tax payments.

that is my biggest issue. People use B&M for show rooming and buy online and don't pay tax. Its like 8-10% less right off the bat and not taking overhead into account but with that is even more. I like physical stores and if the show roomers are not careful they wont even have a place to see physical products anymore as they are disappearing at an alarming rate.

Ive said it before halfway serious but AD's should charge $50 to try on watches if you are not an established customer. At least that way they get some benefit from people using their establishment with no intent to buy anything. The fee is applicable to a future AD watch purchase.

[samson66]

I'm just glad that I #1 already bought my two Rolex watches from trusted sellers prior to this warning, and #2 that I'm about 30 min away from tax-free Delaware which is where I make most of my large purchases (including my latest Black Bay) anyway.

[1William]

The devil is in the details. I understand the ruling but think enforcement and compliance is going to be very difficult against smaller businesses and companies. How will you handle shipping enforcement to ensure compliance. Many of the transaction I do are trades and fall outside of the sales tax issue for the value of the item I am trading. I would only be liable for extra cash for the trade. 50 states with different rules will set up a mess. Not worried as prices are what they are and adjustments can be made to allow for my best outcome. Buying the watches I want.

[rolehex]

I don't care about tax on new items but second hand items that were already charged tax a one time should not be charged tax again.

[bayerische]

Originally Posted by rolehex

I don't care about tax on new items but second hand items that were already charged tax a one time should not be charged tax again.

Agreed, marginal taxation should be present though.

This is how it is in the EU. VAT is added only on new items.

Can of course be added by a VAT registered business ontop of a used items price aswell, but makes no sense to add around 20%. Is often done on items sold/traded between businesses as the VAT is claimable. But not to consumers as VAT can't be claimed by a consumer.