Under current law, states can only require stores to collect sales taxes if the store has a physical presence in the state. As a result, many online sales are essentially tax-free, giving Internet retailers a big advantage over brick-and-mortar stores.
The Senate voted 74 to 20 Monday to take up the bill. If that level of support continues, the Senate could pass the bill as early as this week.
A bulk of online selling uses the escrow service PayPal which I'm sure everyone is familiar with. I remember about a year ago they said business's or individual sellers making more then $20K in revenue had to report taxes.
What do you think about this oli ?
Texas sales tax and use does apply to internet sales, generally, under the physical presence provisions of State statutes. To what extent it gets collected or not, I don't know. I favor the federal law now negotiating the US Senate because it levels the playing field for all 50 states. [/quote]
Random Poster:"I'm sorry I didn't go to an Ivy-league school like you"
"Ah I actually I didn't. It's a nickname the feds gave the Genovese Family."
