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Even if this does pass, it will be probably 6 months to a year before they can even think of enforcing it. Add on top of that someone will sue which will delay it even longer.
I estimate a minimum of 2 years before this could even begin, add on top of that the IRS will want to meddle with this and we all know that will screw it even more. |
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if local shops have the parts i want, in-stock immediately available, then they have no issue winning my business, but 99% of the time none of them do. they end up ordering it from their distributor which make no benefit to me vs buying from an online store at a lower competitive price. i pay the basic sales tax if i buy online which is much lower than the local sales tax the shops are located. so it's still a win/win for me. |
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My reply to our government!
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Marketplace Fairness Act Questions and Answers Question: Will small businesses be protected from these new requirements? Yes. Online sellers with less than $1,000,000 in remote sales annually will be exempt from collection requirements. Remote sales are sales to customers in states where the seller does not already have a physical presence. |
Basically, this amounts to the government wanting a piece of major online retailers like amazon and best buy.
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I'm well in the 6 figures in revenue, have to keep it on the up and up. I do write off my car and track expenses as advertising though.
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Any business I own will operate at a loss, unless I hit 500k net. And by that time, 500k net will mean 1M, lol |
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Once I upgrade to Captain at the airline in a year or two, I plan on scaling back about 80-90% and only doing business for the shops that I currently do work for, and operating at a loss for a few years. Been doing two full time jobs for 7 years now, and its getting old.
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And i wonder if they're gonna tax mail order brides too.... hmmm... <discuss> |
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