Possible new tax law?

[OldSchoolBaseball]

Yes, I agree pay your taxes on your net earnings.

What I have never understood is why something needs to be taxed more than once (sales tax). If its new, yes, tax it initially. But when its resold and resold and resold again (like cards on ebay), sales tax should be excluded because that item was already taxed. This is always a complaint of antique store owners.

sales tax rant....sorry

[jayshum]

Originally Posted by OldSchoolBaseball

Yes, I agree pay your taxes on your net earnings.

What I have never understood is why something needs to be taxed more than once (sales tax). If its new, yes, tax it initially. But when its resold and resold and resold again (like cards on ebay), sales tax should be excluded because that item was already taxed. This is always a complaint of antique store owners.

sales tax rant....sorry

I've thought the same thing about buying a used car, but unfortunately, it doesn't seem to work that way.

[Gusturd]

Originally Posted by jayshum

I've thought the same thing about buying a used car, but unfortunately, it doesn't seem to work that way.

A used car doesn't get sold nearly as often as a baseball card. How many 1909 used cars are still changing hands?

[earlywynnfan]

Originally Posted by Gusturd

A used car doesn't get sold nearly as often as a baseball card. How many 1909 used cars are still changing hands?

So are you saying a used car dealership should pay taxes because those cars are only sold once or twice? But a card reseller shouldn't because cards are resold often??

Just trying to make sense of your post.

[Gusturd]

Originally Posted by earlywynnfan

So are you saying a used car dealership should pay taxes because those cars are only sold once or twice? But a card reseller shouldn't because cards are resold often??

Just trying to make sense of your post.

Pretty much yes. A car is a regulated and licensed product that is "used" by each purchaser and exacts a toll on the community...requiring infrastructure, pollution, drunk drivers...or worse yet texting teenage drivers. It makes sense to me it would be taxed differently than a 2.5" x 3.5" piece of cardboard that just sits there and changes hands 50 times or more in it's lifetime.

[earlywynnfan]

Originally Posted by Gusturd

Pretty much yes. A car is a regulated and licensed product that is "used" by each purchaser and exacts a toll on the community...requiring infrastructure, pollution, drunk drivers...or worse yet texting teenage drivers. It makes sense to me it would be taxed differently than a 2.5" x 3.5" piece of cardboard that just sits there and changes hands 50 times or more in it's lifetime.

So the person working full or part time selling a regulated, licensed product should pay taxes, but not a person working full or part time selling baseball cards?

[Gusturd]

I think you've gone off target. We're talking about sales tax. The person selling doesn't pay the sales tax, the person buying does.

[MooseDog]

I'm not taking a position here, but sales taxes are generally a tax on a financial transaction, not on an individual item. So it doesn't matter how many times a particular item has been bought or sold, it's the act of the sale that triggers the sales tax.

Originally Posted by OldSchoolBaseball

Yes, I agree pay your taxes on your net earnings.

What I have never understood is why something needs to be taxed more than once (sales tax). If its new, yes, tax it initially. But when its resold and resold and resold again (like cards on ebay), sales tax should be excluded because that item was already taxed. This is always a complaint of antique store owners.

sales tax rant....sorry