DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - By By no sales tax when buying on the interweb.

**Lydiaswingert** · 07-11-2012, 07:25 AM

I've paid and received several cheques for online transactions. I would therefore advise an asterisk in lieu of a period.

ok
but if merchant is a real business and not a one-man show they'd have to still record that transaction.

If you guys think that tax is small potatoes, let me give you an example:

Let's take a small one-man show, a guy makes $3000/mo on his website.

Assuming 20% profit margin, that's $15000/mo in sales.

If the feds inact the tax, assuming average 6% that would be additional $900 expense.
So this guy's take home is now $2100/mo .

He just went from $15/hour to $10.50.

07-11-2012, 07:25 AM	#36
Lydiaswingert Join Date Oct 2005 Posts 535 Senior Member	I've paid and received several cheques for online transactions. I would therefore advise an asterisk in lieu of a period. ok but if merchant is a real business and not a one-man show they'd have to still record that transaction. If you guys think that tax is small potatoes, let me give you an example: Let's take a small one-man show, a guy makes $3000/mo on his website. Assuming 20% profit margin, that's $15000/mo in sales. If the feds inact the tax, assuming average 6% that would be additional $900 expense. So this guy's take home is now $2100/mo . He just went from $15/hour to $10.50.
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