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In reply to the discussion: White House: Internet Sales Tax ‘Will Level The Playing Field’ [View all]fasttense
(17,301 posts)Now you have to know every tax rate for ALL 50 states and know when and if they apply.
For example, I sell gourmet mushrooms. In the State of TN, I am exempt from sales taxes because I am a farmer selling directly to the public. But now I have to find out if as a farmer, my product is tax exempt in all the other states. Then there is the problem if I introduce non-farm product how much of that will be taxed. In TN there are specific rules based on what percentage of non-farm product sales I have. Now I will have to figure it out for evey state in the Union. Man this is going to be an accounting nightmare for a smaller producer.
It sounds like a scam to put smaller on-line businesses out of business and reduce competition for the big corporations. I bet Wal-Mart pushed for this.