Internet Tax!

[EChondo]

Wait? Is this about things like digital media? Or just goods in general that happen to be purchased over the internet?

I am assuming everything, I haven't read too much into this bill, but I assume everything will be taxed.

[TechFan@ic]

I live in Saudi Arabia, we've got no taxes, I despise taxes.
It enables the government to do stupid things with your hard earned money.

[gjrud]

I'm sorry but I'm not sure if I understand the situation, can someone explain to me? I know I'm not affected, I just want to understand :D.

 

I'm Italian and here taxes work like this:

Lets say there is a product that costs 100€, depending on what kind of good it is a value added tax equal to 21%, 10% or 4% (21% being the most common) is applied the moment of the purchase, raising the price to 121€.

The VAT in question is called IVA here (it's just a translation of the name) and it's applied on both products and services, no matter if purchased physically or online (this also includes digital goods, like games on steam). 

Also, companies can legally buy without paying it (the term used is "evade"), but then the company is charged with a month by month tax (it's complicated, I couldn't find a simpler way to explain it sorry).

Once you purchased a product (and paid the VAT with it) you don't need to pay anything else.

[wpirobotbuilder]

Is this tax applied based on the state the user lives in, or the state the product gets sourced from?

 

I pay my online purchases sales tax when I file my taxes every year.  I like things like roads and public education.

 

This. Taxes are (usually) not evil things, and considering past tax rates we pay far less in taxes now than in most of recorded history.

[CoffeeBlack]

Is this tax applied based on the state the user lives in, or the state the product gets sourced from?

 

 

This. Taxes are (usually) not evil things, and considering past tax rates we pay far less in taxes now than in most of recorded history.

It's based on the state you live in.

[wpirobotbuilder]

It's based on the state you live in.

And all of a sudden, the populations of Oregon and New Hampshire grew.

[normandy4]

I live in Oregon, so I wont have to pay the taxes,  na na na na boo boo     :P

[dygital]

LOL, all this will do is encourage pirating for software, and people with the opportunity to buy from canada, drive and pick it up. 

 

 

this just will hurt the economy more in the long run by forcing more taxes on everyone.

That's not actually true. Higher taxes means lower GDP in the short run, but a higher GDP in the long run.

[Guest]

the US senate passed a new bill

A 67 to 27 vote FOR to against

e-tailers now have to collect sales taxes for the local gov. and state

 

http://www.zdnet.com/u-s-senate-passes-bill-to-collect-internet-sales-tax-7000015002/?s_cid=e550&ttag=e550

 

[samyG]

Hold on, hold on, remember what you learned in civics class (if you're an American that is for this case): When new legislation is introduced, it must first pass through the House, then the Senate, and finally the President. If it gains enough votes in the House as well as the Senate, it will go to the President and he/she can either sign it into law or veto it. Remember, division of powers.

Now, with that said, it's more than likely that President Obama will sign this new piece of legislation lol.

[CoffeeBlack]

Already been posted. Use search function

[Guest]

dammit i searched incorrectly then -.-