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Author Topic: Durbin (D)-Idiocy screws us again.  (Read 2484 times)

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Offline CG6468

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Durbin (D)-Idiocy screws us again.
« on: April 17, 2011, 04:47:04 PM »
Good old Dickie Durbin can always be counted on to screw the people.

Quote
Internet Sales Tax to be Introduced in US Senate

Published April 17, 2011


WASHINGTON -- Sen. Dick Durbin (D-Ill.) could propose sweeping legislation as soon as Monday to tax all online purchases, in a move aimed at closing states' budget shortfalls.

Such a tax would plow more than $1 billion in tax revenues into New York's state coffers for the 2012 budget, according to some estimates. William Fox, a University of Tennessee economics professor, said that based on his own estimates, New York lost about $865.5 million in tax revenues in 2010 -- almost enough to close that year's $1 billion budget deficit -- based on its four percent tax rate.

However, he acknowledged that a research report he helped author last year did not appropriately factor in the blistering pace of online sales growth over the past several years. Fox estimates that the annual growth rate for online sales was actually about 14 percent from 2006 to present, rather than the study's 9.9 percent.

Tax, tax, tax
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Offline BlueStateSaint

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Re: Durbin (D)-Idiocy screws us again.
« Reply #1 on: April 17, 2011, 05:42:57 PM »
Umm . . . which party is Dick Durbin, again?  Democrat.

Which party controls the House?  Republican. 

Where, constitutionally, must all spending/tax bills originate?  The House.

What is the House Republicans' preferred way of reducing the Federal defecit?  Cut spending.

WHat are the chances that this even comes before a committee in the House?  Zero.
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Offline CG6468

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Re: Durbin (D)-Idiocy screws us again.
« Reply #2 on: April 17, 2011, 05:46:21 PM »
Quote from: BlueStateSaint on April 17, 2011, 05:42:57 PM
Umm . . . which party is Dick Durbin, again?  Democrat.

Which party controls the House?  Republican. 

Where, constitutionally, must all spending/tax bills originate?  The House.

What is the House Republicans' preferred way of reducing the Federal defecit?  Cut spending.

WHat are the chances that this even comes before a committee in the House?  Zero.

I hope you're correct, BSS. This has been bandied around for at least a year now.
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Offline Mr Mannn

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Re: Durbin (D)-Idiocy screws us again.
« Reply #3 on: April 17, 2011, 06:04:17 PM »
BUT. There still is a GOP majority in the House...They won't cave on this...will they?
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Offline thundley4

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Re: Durbin (D)-Idiocy screws us again.
« Reply #4 on: April 17, 2011, 06:29:41 PM »
Durbin knows that Illinois needs those sales taxes from the internet. The DemRats are driving so many businesses from Illinois, that people have to shop online to buy the things they want.
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Offline CG6468

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Re: Durbin (D)-Idiocy screws us again.
« Reply #5 on: April 17, 2011, 08:05:28 PM »
I don't know what the hell we'd do. Indiana (about 10 miles to shopping) has the same tax as we do, but I'd shop there to keep from giving this damned state anything.
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Offline DumbAss Tanker

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Re: Durbin (D)-Idiocy screws us again.
« Reply #6 on: April 17, 2011, 08:24:22 PM »

There's no way to reliably control this from the purchaser end, the tax would have to be imposed at the seller end; doable if they make the seller pay at the rate applicable at his location (For multiple-location businesses, it'd have to be the tax rate at either the shipping point or the business HQ I suppose), but this will turn into a  total Charlie Foxtrot for businesses if they are expected to impose the rate applicable at the buyer's location.
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Offline CG6468

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Re: Durbin (D)-Idiocy screws us again.
« Reply #7 on: April 17, 2011, 08:29:48 PM »
It's supposed to be the tax rate imposed by whatever state the SELLER is in. Companies like Amazon, Overstock and others have said that they are terminating their relationship with the seller(s) of their products.

The sellers will be the tax collectors for the companies they do business with if those products are marketed by the sellers.

Illinois company (ABC) sells a product through an out-of-state company (DEF computer parts in Palo Alto, CA) = Illinois seller must collect the Illinois cosumer tax for Amazon.
« Last Edit: April 17, 2011, 08:38:34 PM by CG6468 »
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Offline thundley4

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Re: Durbin (D)-Idiocy screws us again.
« Reply #8 on: April 17, 2011, 08:32:47 PM »
Quote from: CG6468 on April 17, 2011, 08:29:48 PM
It's supposed to be the tax rate imposed by whatever state the SELLER is in. Companies have already told Amazon, Overstock and others that they are terminating their relationship with them.

Are you sure about that?  As I understood it, the states want the sellers to collect sales tax for the state that the buyer is in.  Illinois already requires people to list any merchandise bought out of state, including online purchases, on their income tax filing.
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Offline CG6468

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Re: Durbin (D)-Idiocy screws us again.
« Reply #9 on: April 17, 2011, 08:41:25 PM »
Quote from: thundley4 on April 17, 2011, 08:32:47 PM
Are you sure about that?  As I understood it, the states want the sellers to collect sales tax for the state that the buyer is in.  Illinois already requires people to list any merchandise bought out of state, including online purchases, on their income tax filing.

You're correct. Illinois would collect the tax from the consumer.

It gets so convoluted. Sorry about my error.
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Offline Lacarnut

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Re: Durbin (D)-Idiocy screws us again.
« Reply #10 on: April 17, 2011, 08:55:11 PM »
Quote from: CG6468 on April 17, 2011, 05:46:21 PM
I hope you're correct, BSS. This has been bandied around for at least a year now.

Tricky Dick can do all the proposing he wants. There is a little thing called the commerce clause he has overlooked. States have tried to tax interstate sales for many years. Most of the cases have been thrown out by the S.C. If the company that sells the merchandise has no presence (location, salesman, warehouse, representative, agent, delivery trucks, etc) in the other state the goods are shipped to, the seller is not required to collect sales tax. I worked as a LA state sales tax auditor for over 20 years and for that length of time, states have been trying this with very little success. It appears that Amazon may have nexus.  
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Offline rich_t

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Re: Durbin (D)-Idiocy screws us again.
« Reply #11 on: April 18, 2011, 05:29:15 AM »
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"As a result of the new law, contracts with all Illinois affiliates of the Amazon Associates program will be terminated and those Illinois residents will no longer receive advertising fees for sales referred to Amazon.com, Endless.com, or SmallParts.com," Amazon said in an email.

http://www.gearlog.com/2011/03/amazon_says_goodbye_to_illinoi.php
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