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Amazon and eBay now applying taxes?
Posted on 7/25/20 at 9:43 am
Posted on 7/25/20 at 9:43 am
I realize Amazon applied taxes to items purchased from and shipped from Amazon. It used to be that you could skirt around this if you bought from an individual seller on Amazon. Now it appears to not be the case.
Same for eBay. Taxes are being applied upon checkout. How is this being handled? Are eBay and Amazon collecting the tax on behalf of the seller and paying it on behalf of seller to their local and state governments? Because if not, they should not be collecting it.
Same for eBay. Taxes are being applied upon checkout. How is this being handled? Are eBay and Amazon collecting the tax on behalf of the seller and paying it on behalf of seller to their local and state governments? Because if not, they should not be collecting it.
This post was edited on 7/25/20 at 9:44 am
14
Posted on 7/25/20 at 9:44 am to Will Cover
Yep, I was buying stuff on eBay and was not expecting that.
Posted on 7/25/20 at 9:44 am to Will Cover
I think this started several years ago.
Posted on 7/25/20 at 9:46 am to Will Cover
quote:Do the funds go to Amazon/eBay or pass through directly to the third party seller? I always thought the payment went directly to the third party seller. If so, I assume they are collecting and paying the sales tax.
Are eBay and Amazon collecting the tax on behalf of the seller and paying it on behalf of seller to their local and state governments
This post was edited on 7/25/20 at 9:47 am
Posted on 7/25/20 at 9:46 am to Will Cover
Uncle Sam needed more moneys
Posted on 7/25/20 at 9:48 am to Will Cover
quote:
Are eBay and Amazon collecting the tax on behalf of the seller and paying it on behalf of seller to their local and state governments? Because if not, they should not be collecting it.
Yes.
Online purchases are now taxable. Makes it easier on the seller if the platform handles it. Otherwise the seller has to regularly file and remit to 50 states and thousands of counties, school districts, and municipalities.
I worked on a project once where I did that for a third party seller on Walmart's site. There was a spreadsheet column where I had to categorize each item they were selling, and Walmart used the code and its database to calculate the tax based on the seller's address.
Posted on 7/25/20 at 9:53 am to Will Cover
LA was one of the last states to adopt this. The state feels they should get their piece of any “economic presence” in their state. For new sales, ok I’ll play. But for used items, already taxed, I don’t think states should have carte blanche to tax a used item every time it is sold and resold. That’s double dipping. It’s not allowed with salsa, queso, or taxes imo.
Posted on 7/25/20 at 9:53 am to Will Cover
It started a few years ago in Louisiana. Amazon and eBay collect for the state.
Posted on 7/25/20 at 9:55 am to Will Cover
This post was edited on 7/25/20 at 9:56 am
Posted on 7/25/20 at 10:02 am to Will Cover
quote:
Will Cover
Amazon >>> eBay
OT has not forgotten Baw
Posted on 7/25/20 at 10:08 am to Will Cover
The incentive for Amazon to collect taxes in Alabama is that they they can charge the full 10% sales tax (or whatever your local rate is), then Alabama says that as long as Amazon will turn the tax in on time, the state will give them a 2% rebate.
So, basically Amazon makes 2% profit on every sale, just by charging you sales tax
So, basically Amazon makes 2% profit on every sale, just by charging you sales tax
Posted on 7/25/20 at 10:15 am to Will Cover
Here is the endgame. A cashless society. Imagine all the money (physical cash) changing hands every day at a flea market, roadside stand or yard sale. No taxes are being paid. The “state” wants their cut. When all transactions are electronic, bam, the man get his piece of the pie. All you are left with is bartering, which can be time consuming and cumbersome.
Posted on 7/25/20 at 10:17 am to Will Cover
I sell on eBay and the tax is collected by ebay. We don't get any of it and we have to pay extra tax on income made from the sales. Talk about the government double dipping on our money!!!
Posted on 7/25/20 at 10:28 am to Will Cover
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