Quote:
Originally Posted by steve B
Just a thought, there's enough junk wax out there that if enough people started selling it card by card repeatedly the volume of sales would pretty much cripple the systems the states use to collect the tax.
|
No, that is incorrect. The sales tax system is self-reporting: the merchant calculates, collects and remits with a tax return the merchant prepares. The harder it is to calculate and track the more trouble it is for the merchant and the more likely the merchant will mess up and owe penalties and interest. Having to collect tax on interstate
and intrastate sales will actually be a relief for some businesses because there will no longer be a need to keep track of as many forms of sales. Right now, they have to track sales by jurisdiction and make intra v inter state calculations.