Quote:
Originally Posted by D. Bergin
Yeah, sorry I took it in another direction. Just theorizing what this is eventually leading to.
If you are already keeping records and reporting your sales it shouldn't bother you. I just think it's a tool to track how much commerce is actually going on with the internet so they can use it as a bargaining chip to claim how much revenue the government is losing so they can either tax it at a federal level or into a combined state tax fund.
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We have no national sales tax of any kind, in any area. Historically, the Federal Government has left Sales Tax issues up to the state and local governments to handle (as they have property taxes.) Could this change? Sure. But I don't see it happening in the foreseeable future.
I do think it is a move to close a loophole in the collection of income taxes. Therefore, it is designed as enforcement of a law already on the books, and not a new law.