SoylentNews is people
SoylentNews
from the death,-taxes,-and-'this-causes-cancer-in-the-state-of-California' dept.
New York's Governor Andrew Cuomo, who is currently unhampered by the constraints of two party rule, has announced details of the state's new budget plan.
Some highlights include:
- Drivers into busy sections of Manhattan will pay a 'congestion charge'
- Single use plastic bags banned across the state
- Closure of up to three state prisons
- Eliminating cash bail for misdemeanor and nonviolent felony arrests
- A permanent 2% cap on local property taxes
- Increase in Public Education funding by 1bn
- A new 'Mansion Tax' on homes over $25 million
- A new internet sales tax on market providers
The Internet Sales Tax will affect companies that are marketplace providers no matter where they are located that have more than 100 sales and over $300k in total sales in the past year to New Yorkers.
The tax will
require third-party retail sites – like Amazon, eBay and Etsy – to collect and remit sales taxes when a buyer in New York purchases something from a retailer on their site. The measure would make marketplace providers collect New York state sales tax at its normal rate of 4 percent plus local sales tax, which varies based on location – such as 4.5 percent for New York City, or 4 percent for some upstate counties.
Similar measures have been blocked in previous years by groups such as tax-averse Republicans, The New York Conference of Mayors and Municipal Officials (NYCOM) and the New York Association of Towns.
Constraints on internet taxation were clarified in a recent supreme court ruling which determined "that states may collect taxes on internet sales even when the purchases are made from out-of-state retailers" making new taxes like this inevitable.
While New Yorkers will pay additional tax on purchases, adding state and multitudes of different local sales taxes on purchases is going increase costs on these sites, which will be passed on to sellers and inevitably purchasers as well.
Currently 19 states do not collect internet sales taxes, and 5 (Alaska, Delaware, Montana, New Hampshire, and Oregon) do not collect sales tax at all.
State Internet Sales Tax guide here.
(Score: 2) by NotSanguine on Tuesday April 02 2019, @06:04PM (3 children)
TMB's concern appears to be with small, mom & pop shops that don't have enough money to download a file with tax rates by zip code.
As I've (repeatedly) pointed out, even other states limit the collection of sales tax to retailers who do at least US$100,000 in a particular state. NY has a threshold of US$300,000.
If you have a physical presence in a state, you are already *required* to collect sales tax (assuming there is a sales tax there). If you're doing more than US$100,000 worth of sales in another state, you're almost certainly doing multiples of that in your own state. If that's the case, you're not a mom and pop shop without the resources to go to the library and print out tables for tax rates by zip code. In fact, if you're doing that much business, you probably own a whole computer. Shocking, isn't it?
No, no, you're not thinking; you're just being logical. --Niels Bohr
(Score: 0) by Anonymous Coward on Tuesday April 02 2019, @07:39PM (1 child)
only cowardly pieces of shit collect taxes for the state.
(Score: 2) by NotSanguine on Tuesday April 02 2019, @07:47PM
Yup. That's right.
Well, and those who don't want to go to jail [taxjar.com].
When do you get out?
No, no, you're not thinking; you're just being logical. --Niels Bohr
(Score: 2) by Muad'Dave on Wednesday April 03 2019, @03:15PM
Sadly, it's not that simple. As I pointed out in another post, there are 'tax holidays' that eliminate taxes on certain categories of goods for short periods of time - think 'back to school' tax holidays or 'hurricane preparedness' tax holidays.
What used to be a simple tax function of one variable Tax(zip) is now a gross nasty mess of tax(date, zip, UPC / UNSPC [unspsc.org] / Amazon product tax code / etc).