I will try not to burden this site with politics very often, but this article seems to fit into my criteria of "related to internet sales of auto parts". It has been a rumor for years that Congress wanted to somehow draw income from internet sales. In our current economic upheaval it seems that everything will now be taxable, at a higher rate and more often than it has been in the past. In addition to a possible internet tax we will soon see a revision to 1099-able occurrances for anything over $300. I wonder if anyone has analyzed the costs associated with overbearing paperwork requirements? Actually they probably have as the additional costs added to goods to pay for the extra people in the front office makes products more expensive and thus creates more tax revenue.
Wednesday, July 7, 2010
Politics, Money and the Internet
I will try not to burden this site with politics very often, but this article seems to fit into my criteria of "related to internet sales of auto parts". It has been a rumor for years that Congress wanted to somehow draw income from internet sales. In our current economic upheaval it seems that everything will now be taxable, at a higher rate and more often than it has been in the past. In addition to a possible internet tax we will soon see a revision to 1099-able occurrances for anything over $300. I wonder if anyone has analyzed the costs associated with overbearing paperwork requirements? Actually they probably have as the additional costs added to goods to pay for the extra people in the front office makes products more expensive and thus creates more tax revenue.
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