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Back to the Blog Republican Governors Seek to Charge Online Sales Tax

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On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the the President’s assault on business, Governors seeking to charge online sales tax on Amazon and the potential for an iTunes tax.

We’re brought to you as always by Stephen Clouse and Associates. If you’d like to email us, you can do so at bjackson[at]coffeeandmarkets.com. We hope you enjoy the show.

Related Links:

Obama – ‘If you’ve got a business — you didn’t build that. Somebody else made that happen’
Tax Break Nears End For Online Shoppers
Republicans Should Fight the Democrats’ iTunes Tax

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  • NormD

    There is an obvious solution to the sales tax problem – enforce the collection of use tax!

    In California, for example, when a taxpayer files a 540 they are required to fill in a box that says “Use Tax Owed”.  If they enter $0 and they have made online purchases they are committing tax fraud!  I have heard people on podcasts brag about not paying use tax.  All it would take is the tax authorities to charge a few people very visibly and the problem would solve itself.

    Headline: Lady Gaga charged with Tax Fraud by California Tax Authorities.  Problem Solved.

    Instead everyone wants to create an incredibly messy, complex, nationwide sales tax collection system that would drive small online vendors out of business.  I can see how Amazon loves it.

    Brick and Mortar vendors should support this solution as it is easier for customers if the tax is collected at point of sale rather than figured out at the end of the tax year.

    I have filed sales tax returns in California.  What a royal pain.  All the counties, cities, special districts.  Bah!  At the time I was filling in there forms if we were ONE day late, the penalty was 100% of the tax owed.  I can’t imagine having to do this for all 50 states with all the exclusions, tax holidays, different due dates.

     

  • afrocraft

    I gotta say: Your commentary today took some shine off your show. I don’t share your politics, but I have an MBA and Wall Street experience and I subscribe to your podcast for rigorous, fact-based analyses, not deliberate misquotes of the president’s speech for political benefit. 

    Here’s a more complete record of what the president said regarding government investment:

    “If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges; if you’ve got a business, you didn’t build that. Somebody else made that happen.” That obviously referring to the “roads and bridges” that enable commerce, or the “system” more generally.

    Duh?

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