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[WSJ] Large Retailers Join Push for Amazon Sales Tax in US - Page 8

post #71 of 88
Here is the explanation of this issue directly from the Illinois 1040 tax form instructions:

Quote:
When must I pay Illinois Use Tax to IDOR?
You must pay Illinois Use Tax to IDOR if
the items you bought are taxable in Illinois,
you used or consumed these items in Illinois, and
when you purchased the items you either
did not pay any sales tax to the seller, or
paid sales tax at less than Illinois’ Use Tax rates
of 6.25 percent for general merchandise and 1 percent
for food and drugs.
For example, if you purchased
a computer over the internet for use in Illinois and paid
no sales tax, you owe 6.25 percent Illinois Use Tax.
jewelry while vacationing in Georgia upon which you paid
4 percent sales tax and which you brought back to Illinois,
you will owe Illinois Use Tax on the 2.25 percent difference in
tax rates.
cheese by mail order from a company in Wisconsin and
paid no sales tax, you owe 1 percent Illinois Use Tax.
Basically what it is saying is that anything you bought, regardless of where you bought it, in Illinois, in another state, online, or B&M, you owe the difference in sales tax to the state of Illinois, and I have a feeling that Illinois is not the only state like this. It is a tax law/policy that has been around for a while, and B&M retailers, along with cash strapped states are just now getting around to enforcing it.

What struck me as very interesting is the fact that even if I go to another state and buy a physical product from a brick and mortar store, I am responsible for paying the tax difference back to the state of Illinois...

Now my next question is what about non physical purchases like songs from Amazon or Itunes? Games from Steam? Ebooks from Barnes and Noble?
Edited by straha - 3/23/11 at 6:33am
    
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post #72 of 88
Quote:
Originally Posted by Squirrel View Post
I find it funny how all those big stores first destroy all the smaller local b&m stores, and now they complain that someone even bigger is destroying their b&m business.
qft

It's ridiculous that they are QQing about this. The online retailers found a profitable niche, and now that the b&ms have competition they want some sort of penalty on their competition. I will really do some complaining to my congresscritters if this ever makes it to a vote.

Quote:
Originally Posted by AdvanSuper View Post
Because 4/5 times their prices are garbage. Best Buy will have a sale on their already higher priced merchandise and it's still higher than what you can find it for online. I haven't walked into a brick and mortar store to make a big purchase since I bought my LCD TV almost 3 years ago at Best Buy.
I actually bought mine on amazon. It was $299 cheaper than the cheapest b&m that week.
Edited by esocid - 3/23/11 at 6:52am
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post #73 of 88
double post
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post #74 of 88
Quote:
Originally Posted by Homeles View Post
They're trying to take away the best part of online shopping? Crap.
The Treasury department is DESPERATE to generate income. So that way "the head of this country" can say that he's generated more money & re-elect him ("...blah....creating jobs,...blah...people clapping...America great....blah....").

Sad thing is this will ruin the internet shopping experience.
     
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post #75 of 88
HELL NO! I use amazon EXCLUSIVELY because I don't have to pay 9.25% sales tax (9.925% local). It's worth it everytime.
post #76 of 88
My Amazon Visa may get a lot less use pretty soon.
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post #77 of 88
NOOOOOOOOOOOOOooooooooo
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post #78 of 88
Quote:
Originally Posted by guyladouche View Post
I think they should be required to pay sales tax. Going off of old legislation for an always-developing technology-based "etailing" economy makes no sense.

I'm no fan of paying more for products, but when it comes down to it, these days, etailers should be treated the same way as brick-and-mortar stores. Though decided how the taxes are invoked will be a bit tricky.
You do realize that will hurt internet retailers badly, especially smaller businesses that have to compete with larger ones? Not only can they not really afford to offer anything cheaper (as the walmarts of the world buy in such bulk that they can undercut everyone), they then have to pay to ship the item out and tax the item. In the end, the consumer and the seller both lose out on money, while the states, whom keep inadequately keep spending money, make out with more money to spend... inadequately.

Raising/instilling taxes isn't the answer. Budget cuts are, and I'm not talking about to schools, military, etc. They need to stop paying themselves so much goddamn money and giving themselves such nice perks. It'll never happen though, so the middleclass and poor will have to take it in the ass.
post #79 of 88
Quote:
Originally Posted by straha View Post
Here is the explanation of this issue directly from the Illinois 1040 tax form instructions:



Basically what it is saying is that anything you bought, regardless of where you bought it, in Illinois, in another state, online, or B&M, you owe the difference in sales tax to the state of Illinois, and I have a feeling that Illinois is not the only state like this. It is a tax law/policy that has been around for a while, and B&M retailers, along with cash strapped states are just now getting around to enforcing it.

What struck me as very interesting is the fact that even if I go to another state and buy a physical product from a brick and mortar store, I am responsible for paying the tax difference back to the state of Illinois...

Now my next question is what about non physical purchases like songs from Amazon or Itunes? Games from Steam? Ebooks from Barnes and Noble?

California is like this as well. If "use tax" is legal, I suspect every state would have an analogous law.


Quote:
Originally Posted by strap624 View Post
It's not tax evasion because you aren't evading anything, it is perfectly legal for Californians to drive to Oregon(which has no sales tax), buy a HDTV, pay no sales tax and take it back home.

On your California state tax return, you're required to report any items that you bought out-of-state but that you use in-state. For those items, you're required to report any taxes that you paid on them, and if you paid less than the California sales tax, you're required to pay the difference to the state of California in the form of a "use tax". Just because you don't pay a sales tax at the time of purchase, it does not mean that your tax obligations on that item end there.
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post #80 of 88
Quote:
Originally Posted by straha View Post
Here is the explanation of this issue directly from the Illinois 1040 tax form instructions:



Basically what it is saying is that anything you bought, regardless of where you bought it, in Illinois, in another state, online, or B&M, you owe the difference in sales tax to the state of Illinois, and I have a feeling that Illinois is not the only state like this. It is a tax law/policy that has been around for a while, and B&M retailers, along with cash strapped states are just now getting around to enforcing it.

What struck me as very interesting is the fact that even if I go to another state and buy a physical product from a brick and mortar store, I am responsible for paying the tax difference back to the state of Illinois...

Now my next question is what about non physical purchases like songs from Amazon or Itunes? Games from Steam? Ebooks from Barnes and Noble?
Man, I think I spent $5-$7k online last year. My CPA doesn't even bother asking people to report their online purchases, because no one reports what they spent.

To be honest, I do not report online purchases. I can't be bothered to track how much I actually spend on the internet. When you factor in shipping, tax free buying is the only reason to shop online many times.
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