Supreme Court declares that purchases online can be taxed by states

[Secure Da Bag]

Online Retailers Can Be Forced to Collect Tax, High Court Rules

The U.S. Supreme Court freed states and local governments to start collecting billions of dollars in new sales taxes from online retailers, overturning a ruling that had made much of the internet a tax-free zone and put traditional retailers at a disadvantage.

News of the ruling caused shares of Internet retailers including Amazon.com Inc. and Wayfair Inc. to fall.

The court’s 1992 decision involving catalog sales had shielded retailers from tax-collection duties if they didn’t have a physical presence in a state. Writing for the 5-4 court Thursday, Justice Anthony Kennedy said that ruling was obsolete in the e-commerce era.

Broader taxing power will let state and local governments collect an extra $8 billion to $23 billion a year, according to various estimates. All but five states impose sales taxes.

 

[hashmander]

damn RBG, i was shocked to see your name in the majority with the other right wing kooks (minus anthony).

 

[el_oh_el]

shyt

 

[ExodusNirvana]

The smart thing would be to make it so that the sales tax collected from these sales go towards roads, tunnels, bridges

But...nah...that would make way too much sense

 

[88m3]

it's probably for the best

 

[N.J.stan]

The smart thing would be to make it so that the sales tax collected from these sales go towards roads, tunnels, bridges

But...nah...that would make way too much sense

Saw this earlier on the news and they said it's still on states to write the laws around it, so call your local reps

 

[Mook]

I don't see a problem with this ruling. Yall really actin like the internet is another country. How yall expect the community to get better when the money leaves the state.

 

[Strapped]

Watching this on nbr now

 

[Secure Da Bag]

I don't see a problem with this ruling. Yall really actin like the internet is another country. How yall expect the community to get better when the money leaves the state.

The smart thing would be to make it so that the sales tax collected from these sales go towards roads, tunnels, bridges

But...nah...that would make way too much sense

Guarantee that and education and I can be down with that.

 

[Pressure]

This was always going to be the case.

 

[Mowgli]

This will help local businesses compete again.

 

[Atlrocafella]

Not mad at it

 

[William F. Russell]

fukking bullshyt decision.

This is easily the most big business-friendly (and conservative) Supreme Court in the last 75 years.

Slippery slope ruling

 

[newworldafro]

The smart thing would be to make it so that the sales tax collected from these sales go towards roads, tunnels, bridges

But...nah...that would make way too much sense

Along with states ready for the proposed federal law to let them decide cannabis legalization in their borders, if they can collect sales tax online too.....they gone