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Jun 21, 2018 12:21:03   #
bsprague Loc: Lacey, WA, USA
 
Rent a place to live in Washington State next to the Oregon border. No income tax in WA, no sales tax in Oregon and no property tax on a renter.

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Jun 21, 2018 12:23:25   #
JohnSwanda Loc: San Francisco
 
SharpShooter wrote:
This will do a little more than just help level the playing field.
Apart from the amount of the tax itself, I can see this being an accounting nightmare!!
Imagine the bookkeeping involved in collecting 50 different tax rates and returning that to those states? What about other countries??
The tax plus the manpower!!! We’ll see an immediate 10% rise in internet prices.
SS


I'm sure someone will come up with a computerized database service of state and local taxes for merchants, which will be cheaper than having each company's accountant do it by hand.

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Jun 21, 2018 12:30:09   #
Bill_de Loc: US
 
SharpShooter wrote:
This will do a little more than just help level the playing field.
Apart from the amount of the tax itself, I can see this being an accounting nightmare!!
Imagine the bookkeeping involved in collecting 50 different tax rates and returning that to those states? What about other countries??
The tax plus the manpower!!! We’ll see an immediate 10% rise in internet prices.
SS


I believe the ruling gives states the right to collect. I'm not sure (Haven't seen the whole thing) if the retailer has to collect the tax, or just notify the states. Amazon is already collecting taxes in a multitude of states. It's all done by computer.

---

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Jun 21, 2018 12:57:00   #
Pegasus Loc: Texas Gulf Coast
 
JohnSwanda wrote:
I'm sure someone will come up with a computerized database service of state and local taxes for merchants, which will be cheaper than having each company's accountant do it by hand.

That sort of software has been around for a long time. One that I have had to deal with at a customer site is called Taxware.

It's been several years now since that that project ended but I do remember that if the company had a nexus (presence) in a specific state, it would collect the taxes for that location using Taxware to calculate what it would be. There are State, County, Municipalities and other taxing authorities involved. At the time, there were something like 9,000 taxing authorities around the country. The rates could also vary depending on the classification of the goods & services sold. It was geared on where the goods were shipped to (shipping address Vs. billing address.)

A lot of the big e-tailers already have nexuses (nexi?) in multiple states; Amazon has many shipping centers around the country and they have to charge sales tax already, so this will be nothing new for many people. Places like B&H that have a single location will be impacted, but then again, collecting is the issue here. I would suspect the big firms will collect and forward, smaller sites maybe more reticent to do so.

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Jun 21, 2018 14:11:00   #
dsmeltz Loc: Philadelphia
 
AndyH wrote:
I don't trust this data, at least without "looking under the hood" as to how it is derived. Inherently any study based on "medians" is going to be of limited use in states where the property values vary wildly and taxes may be assessed on a city, county, or state basis. For example, New Hampshire assesses by city or town only, but adds a statewide property surtax which goes to the state education fund. But it does not control how, say, the largest city (Manchester) assesses its property compared to the smallest town in the state (Dixville Notch), where all ten voters assemble at midnight to cast the first votes on election day(s). The Notch may assess at a far lower percentage of actual value than the struggling city of Manchester. Anecdotally, I have experience of homes in Texas where the rates seem both incredibly high and incredibly low on similar homes that would probably sell in a similar price range.


And 86.7% of real estate experts in my (undefined) geographic area agree with me.


Andy
I don't trust this data, at least without "lo... (show quote)


If you can only get 86/7% agreement out of a group with vested interest, that casts lots of doubt.

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Jun 21, 2018 14:20:48   #
Longshadow Loc: Audubon, PA, United States
 
mrjcall wrote:
Just ruled in the Supreme Court! Sales tax must be collected for all internet purchases.....that includes our favorite on-line camera stores! 😰. On the other hand, local/state budgets that rely on state sales taxes will not have to raise your tax bills as high (that's a joke, of course they will anyway!)


Phone it in then???
Paper mail should still be tax exempt, unless that changed also.
Need to see the new rules when they are published.

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Jun 21, 2018 15:19:52   #
Longshadow Loc: Audubon, PA, United States
 
bsprague wrote:
Rent a place to live in Washington State next to the Oregon border. No income tax in WA, no sales tax in Oregon and no property tax on a renter.


(I would imagine that the property taxes are included in the rental price.)

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Jun 21, 2018 16:28:53   #
Photocraig
 
SharpShooter wrote:
This will do a little more than just help level the playing field.
Apart from the amount of the tax itself, I can see this being an accounting nightmare!!
Imagine the bookkeeping involved in collecting 50 different tax rates and returning that to those states? What about other countries??
The tax plus the manpower!!! We’ll see an immediate 10% rise in internet prices.
SS


I've been out of the business mix for 2 decades now. But when I was with international Computer manufacturers, you KNOW, those locals wanted their vigorish (sales tax) on those multi Million Dollar systems. Even in the last century, we had computerized systems to calculate the taxes and accrue our monthly disbursements to those Global authorities. But it's as good as any excuse to raise prices---ooops my old thought process just reappeared and, I hope, disappears quickly.

Note: The recent move of an Apple Processing Center to Reno, NV was accompanied by an additional facility, a "Receiving Center," for Equipment, as in LARGE computer equipment, in a "Special Entrepreneurial District" that among other virtues, included a Sales tax exemption of equipment received there. The equipment will be re-distributed to the real Data Center near the Tesla Plant East of Reno in another County. While we complain about Sales Tax on our Photo equipment, there is no comparison to the five and six digit dollars of sales tax paid on major Industrial Equipment and Systems.

C

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Jun 21, 2018 16:48:35   #
tripsy76 Loc: Northshore, MA
 
AndyH wrote:
Live free or die in the Granite State, baby!

I'll pay all of your sales taxes on camera purchases this year if you'll come pay our property taxes, which are the highest in the nation. And as I work in Massachusetts I get the worst of both worlds - MA income plus NH property taxes. At least this is one thing I don't have to worry about.

Andy


Yikes! That is a rough one! Not that MA property taxes are that great. But you got me beat!

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Jun 21, 2018 19:05:26   #
Gene51 Loc: Yonkers, NY, now in LSD (LowerSlowerDelaware)
 
AndyH wrote:
Live free or die in the Granite State, baby!

I'll pay all of your sales taxes on camera purchases this year if you'll come pay our property taxes, which are the highest in the nation. And as I work in Massachusetts I get the worst of both worlds - MA income plus NH property taxes. At least this is one thing I don't have to worry about.

Andy


That's one of the reasons I just bought a house in Delaware. No sales tax, regular gas is $2.47/gal, no tax on retirement income, and my property taxes in Millsboro are only $1000/yr. I pay more than 12x that in Yonkers, where I am currently living.

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Jun 21, 2018 19:44:56   #
tdekany Loc: Oregon
 
Longshadow wrote:
(I would imagine that the property taxes are included in the rental price.)


They get us on other taxes.

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Jun 21, 2018 19:50:45   #
AndyH Loc: Massachusetts and New Hampshire
 
tdekany wrote:
They get us on other taxes.


As a property owner and real estate developer, I can tell you that property taxes are always figured into the rents. If they go up, you can do one of two things, raise rents or cut other expenses- generally maintenance or amenities. And yes, even we non-profits pay property taxes on rental properties.

Andy

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Jun 22, 2018 00:07:51   #
TSGallantPhotography Loc: SW Florida
 
I guess the old adage "All good things must come to an end"...

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Jun 22, 2018 05:54:23   #
akamerica
 
Taxes are one of the reasons Florida is Red and growing. No state income tax. If you live here more than 1/2 a year your property taxes may increase on your primary residence not more than 3% a year even if the fair market value increases say 10%. If the market assessed value declines by say 10% your taxes are calculated off the lower value, and in subsequent years may only increase from that lower value a max of 3%. Sales tax is 6%. As a veteran I get deductions from the fair market value. Widow widower deduction. And Florida has billion dollar surpluses - a rainy day savings account.

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Jun 22, 2018 06:07:35   #
Wakko12 Loc: New Hampshire
 
NH people always complain about taxes, yet we have the second lowest overall tax burden while looking at all taxes. Also the second lowest education funding (that’s why lots of us don’t understand how it all works).


dsmeltz wrote:
NH is fourth behind NJ, IL and TX. Though others put NH a close second to NJ.
https://magazine.realtor/daily-news/2017/04/06/10-states-with-highest-property-tax-rates

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