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[CNET] Internet tax proposal up for a vote in Senate this week - Page 3  

post #21 of 243
Quote:
Originally Posted by Biorganic View Post

Honestly, the country needs revenue and millions of people shop online. They NEED to tax online sales. (U.S. really needs to raise taxes in general, but that hedges on prohibited talk...)

Everyone will whine and complain but it is a guaranteed eventuality.

No the country doesn't need revenue. The amount of money the government spends is unsustainable. It's impossible to raise taxes enough to fix the deficit. Even at a 100 percent tax rate.
post #22 of 243
You increase revenue and decrease spending. Its called supplemental income. It wont fix the problem but it will help, besides I was not saying raising taxes would fix the deficit. Can you really argue that the states don't need the money?

PS, economics 101, you DO NOT cut spending during a recession, deficit be damned

I am going to stop talking economics/politics now, as it is against TOS.
 
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post #23 of 243
If this goes through it will push me more toward Best Buy for my electronics. Now that they price match online competitors it would be the same price after tax and I would have it that day compared to a couple days later. Also, I would want the taxes I'm paying to go to my state and not the state the online retailer is located in..
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post #24 of 243
well. this come with no surprise. A government that has an addiction to spending and no clue how to make smart cuts. More taxes will come. anyone wanna pitch in and buy a giant yacht or private island to live on?? Overclock island?
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post #25 of 243
Quote:
Originally Posted by Biorganic View Post

Honestly, the country needs revenue and millions of people shop online. They NEED to tax online sales. (U.S. really needs to raise taxes in general, but that hedges on prohibited talk...)

Everyone will whine and complain but it is a guaranteed eventuality.

we dont need to raise taxes we need to cut spending. I dont go to my boss and say i need more money because i spend mine to quick, i spend my money based on my income.
 
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post #26 of 243
NO TAX!!!! Then again, if you think about it, there are millions if not billions being lost online without tax.
 
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post #27 of 243
Quote:
Originally Posted by Tempest_Inc View Post

we dont need to raise taxes we need to cut spending. I dont go to my boss and say i need more money because i spend mine to quick, i spend my money based on my income.

But if your boss suddenly reduced your pay you'd probably try to get it back before changing your spending habits. As online shopping goes up, the sales tax collected goes down.
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post #28 of 243
I just thought about this, but isn't shipping a tax in its own regard? If you think about it, whether we pay the shipping or the retailer includes it with the item, someone is paying for it. Without the online marketplace these shipping companies would not be where they are today and these companies must pay taxes, right? The state where they reside charges them a tax as well as the federal tax that they have to pay.

So in the grand scheme of things, the state and federal taxes already imposed on companies like UPS and FedEx sort of balance this out, correct? Not sure if they would be "balanced" so to speak, but it at least counts for something..
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post #29 of 243
Quote:
Originally Posted by Biorganic View Post

Honestly, the country needs revenue and millions of people shop online. They NEED to tax online sales. (U.S. really needs to raise taxes in general, but that hedges on prohibited talk...)

Everyone will whine and complain but it is a guaranteed eventuality.

Wrong, government needs to spend the money more wisely first. Then is there still isn't enough left, then you tax. The way of thinking in this country is "who is going to pay for this?" when it should be "how are we going to better handle our finances to afford this". Middle class Americans know how to manage their income, why can't the federal government.
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post #30 of 243
Quote:
Originally Posted by razorguy View Post

I just thought about this, but isn't shipping a tax in its own regard? If you think about it, whether we pay the shipping or the retailer includes it with the item, someone is paying for it. Without the online marketplace these shipping companies would not be where they are today and these companies must pay taxes, right? The state where they reside charges them a tax as well as the federal tax that they have to pay.

So in the grand scheme of things, the state and federal taxes already imposed on companies like UPS and FedEx sort of balance this out, correct? Not sure if they would be "balanced" so to speak, but it at least counts for something..

It is the same thing in the retail stores...the items are shipped to the store as well. Though shipping to a residential home is far more costly than having a semi full of freight getting delivered...at least on a per item basis.

However, there are many cases where money is double taxed...that is just how it works some times. this will probably be another. So I'd get those Newegg orders in now...bleh, just think of the sales tax on a titan.
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