Quoted from PinDeLaPin:
This statement is the exact reason people from other countries don't seem to understand. When you charge more money to consumers for the same product you will have less buyers for that product who will then go spend those dollars on lesser priced or lesser taxed items.
When taxes go up, buying power goes down.
I can't imagine what it's like in the EU with the VAT at 20%. When I see European visitors here in the US, they go completely bananas buying stuff (especially clothes) since the taxes are much lower here in the US when compared to Europe.
Quoted from rogerdodger:
The new taxes will absolutely increase the value/price of private party pin sales on the secondary market.
Not necessarily. A tax does not technically increase the value of something. It's just an extra expense and artificial increase. Whenever I see tax tacked on to a purchase, I have to figure that into the total amount that I'm actually willing to spend. I've walked away from many purchases just because the cost was too much with tax added into the total.
Quoted from barakandl:
I sold something on eBay to a person in Washington state (i'm in Ohio) and eBay hit them with a tax. It was $10.80 tax on a $120 item. First time i have seen it.
ebay.com link[quoted image]
I've had it happen to me once as a buyer when the seller was in the same state. Cost me an extra $20. Blech.
Quoted from flashinstinct:
I guess it boils down to a different point of view. I pay taxes for things happening all over my province for the betterment of all citizens that live in it.
That's of course assuming your dollars are spent wisely.
Personally, I'd rather have the buying power. The way I see it, it helps the economy in a more direct way. I've never seen a tax increase actually help boost sales. Typically they do the exact opposite.