(Topic ID: 48116)

Prepare for prices paid on internet purchases to rise in US?

By LP30

11 years ago


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  • 70 posts
  • 41 Pinsiders participating
  • Latest reply 11 years ago by wizzardz
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    #13 11 years ago
    Quoted from jitneystand1:

    I wish some of our representatives ran small Internet businesses so that they had a good understanding of how this will affect companies that do not have the resources to comply. We already spend too much time and money processing all of the various taxes. And now we're going to add collecting, tracking and remitting sales tax for all 50 states and their nearly 10,000 taxing jurisdictions?

    My understanding of the current bill is that companies that gross under $1,000,000 per year are exempt from this.

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