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Author Topic: Trump 'Strongly' Favors Imposing Online Sales Tax, Mnuchin Says  (Read 431 times)

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Offline ABX

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Trump 'Strongly' Favors Imposing Online Sales Tax, Mnuchin Says
« on: February 22, 2018, 01:08:31 am »
Quote
President Donald Trump “feels strongly” that the U.S. should impose a sales tax on purchases made over the Internet, Treasury Secretary Steven Mnuchin said Thursday.

Mnuchin, speaking at a hearing before the House Ways and Means Committee, said he has spoken personally with Trump about the issue, and that the president “does feel strongly” that the tax should be applied...

http://fortune.com/2018/02/15/donald-trump-online-sales-tax/



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Offline truth_seeker

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Re: Trump 'Strongly' Favors Imposing Online Sales Tax, Mnuchin Says
« Reply #1 on: February 22, 2018, 01:22:11 am »
Quote from: AbaraXas on February 22, 2018, 01:08:31 am

Most online merchants already apply sales taxes, of the states where they have facilities.

I hope he doesn't mean an additional federal sales tax.
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Offline libertybele

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Re: Trump 'Strongly' Favors Imposing Online Sales Tax, Mnuchin Says
« Reply #2 on: February 22, 2018, 01:24:57 am »
Quote from: truth_seeker on February 22, 2018, 01:22:11 am
Most online merchants already apply sales taxes, of the states where they have facilities.

I hope he doesn't mean an additional federal sales tax.


.....hmm... I was wondering the same things and I believe he has brought up raising the sales tax (I believe the gas tax); which would likely be a wash with any increase in wages.
« Last Edit: February 22, 2018, 01:25:41 am by libertybele »
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Offline Taxcontrol

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Re: Trump 'Strongly' Favors Imposing Online Sales Tax, Mnuchin Says
« Reply #3 on: February 22, 2018, 02:42:34 pm »
If we are to have an online sales tax, it should be calculated as follows:

Each state to publish the tax percentage for origination and another (possibly the same) for receiving.  The sales tax applied shall be the average of the two.  The origination tax rate comes from where the product is being shipped from, and the receiving is where the product is being delivered.  The tax collected is divided in to two equal payments and remitted to the appropriate state.
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Oceander

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Re: Trump 'Strongly' Favors Imposing Online Sales Tax, Mnuchin Says
« Reply #4 on: February 22, 2018, 02:52:10 pm »
Quote from: Taxcontrol on February 22, 2018, 02:42:34 pm
If we are to have an online sales tax, it should be calculated as follows:

Each state to publish the tax percentage for origination and another (possibly the same) for receiving.  The sales tax applied shall be the average of the two.  The origination tax rate comes from where the product is being shipped from, and the receiving is where the product is being delivered.  The tax collected is divided in to two equal payments and remitted to the appropriate state.

Sales tax is destination-based, not source-based. 
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Offline ABX

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Re: Trump 'Strongly' Favors Imposing Online Sales Tax, Mnuchin Says
« Reply #5 on: February 22, 2018, 03:48:51 pm »
Quote from: Oceander on February 22, 2018, 02:52:10 pm
Sales tax is destination-based, not source-based.

You misspelled 'taxation is theft' :)
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