CNN Money is reporting that tax on online sales might be sooner than we think. For years if you bought online or via a catalogue you didn’t pay tax. I think the LAW is that you would figure your own tax and pay it, but merchants never enforced it. Of course if you buy from etailer X and live in etailer X’s state – then you do get taxed.
However, many states, 20 are increasingly wanting tax revenue from online sales.
“It’s a lot of money that’s not being collected and states are starting to do what they can to collect it,” said Alysoun McLaughlin of the National Association of Counties.
Latest posts by Ramon Ray (see all)
- 3 Reasons Invoicing Apps Are Essential For Fledgling Businesses - November 28, 2016
- Don’t Let Technology Create Blinders On Your Perspective. Every Leader’s Nightmare. - November 27, 2016
- Video Humanizes Your Brand: 3 Tips To Use It For Your Business. - November 4, 2016