*Blink*. Seriously anyone who believes that helps small business is a burger, fries, and a drink short of a Happy Meal. All you have is an empty box full of napkins.
All this serves to do is raise costs equally across everyone, small and large businesses alike. In the end that will affect small businesses more because it will trim down their profit margin if they attempt to stay competitive. Larger retailers have a larger profit margin and can eat the smaller loss.
The assumption for the above is that the majority of my business is coming from local states. Not only that, but that I can in no way compete with local companies merely because of sales tax. Further many of the large retailers do have to charge sales tax because they have store fronts within the state.
So all this law would do, is cause small businesses to have to raise prices and append an additional tax. Large companies would have to do it just the same but they could more easily eat the cost giving them an advantage over small business. This is merely another example of how this Administration hates small business owners.
As a small business owner the mere mention of this while claiming it will help me is down right offensive, doubly so since that no talent ass-clown of a President accused me last Wednesday of being a liar for telling the truth. Here we are not even a week later and that narcissist is lying and trying to tell me swallow this pill of cyanide because it will help my business. This coming from a man who’s never run a business in his life.
Mr. President, shut the hell up and stop trying to destroy my business. It’s hard enough to get the damn thing rolling without you meddling in it and causing us to have to raise prices.
TMM is the owner, editor, and principal author at The Minuteman, a competitive shooter, and staff member for Boomershoot. Even in his free time he’s merging his love and knowledge of computers and technology with his love of firearms.
Many know his private name and information however due to the current political climate, many are distancing themselves due to the abandonment of Due Process.
Yep, one more nail in the coffin of the small businesses… sigh
And you’ll need to do more paperwork, keeping track of the tax collections and filing returns. Very uncertain how this would work. For example; Idaho has a very simple sales tax system – it’s the same rate everywhere in the state. Your return is a post card. You had this much total taxable sales, you turn in 6% of that number. Washington allows localities to add on their own sales tax on top of the state baseline, so your WA State return can be pages and pages. You have to keep track of every tax jurisdiction you sold into, so you have a total sales and a potentially different rate for every jurisdiction. If you sell statewide, that could mean dozens and dozens of what amount to separate returns, and you could end up having to do that every month.
A very small, one or two person business, will spend a large amount of their time and energy just keeping track of all such bullshit, and I submit that this is one of the objectives. It’s yet another barrier against entry into the marketplace and so it favors the very big, well-connected businesses. Who knows what will happen when the feds get into the sales taxing racket?