diberry - 2:38 pm on May 7, 2013 (gmt 0)
Phranque IS right - some sources are already saying the House Republicans think it's a tax hike and therefore won't vote for it. (It actually makes no difference to the amount of taxes that should be legally collected - it just shifts the burden from individuals who are supposed to report their unpaid sales tax with their income tax to companies who will collect it.)
Am I wrong, or does this mean Amazon.com will charge sales tax, but little resellers on there will not? So for anyone who actually DOES report sales tax with their income tax, it'll be even more confusing as some orders mix untaxed and taxed items?
Next thing you know the IRS will be trying to collect sales tax even on the value of free stuff given away on Craigslist because it does have value if it were actually sold therefore technically taxable.
IRS has nothing to do with sales tax. But technically, "bartering" already IS something you're supposed to report as income to be taxed. I.E., you give me your old dresser and I perform an oil change on your car - you're supposed to tack the cost of the oil change onto your income and I'm supposed to tack on the value of the dresser to mine. It's such hooey, I don't think anyone's ever reported it, LOL.