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Marketplace Fairness Act will HURT small business… Obama’s “We don’t want to tax all businesses out of business”…


Obama: ‘We Don’t Want to Tax All Businesses Out of Business’

The president’s remarks came at a private residence during a fundraising tour last week for the 2014 midterm elections.

Obama has made similar statements in the past. When speaking about implementing a cap and trade system when running for president in 2008, Obama said he would bankrupt coal power plants.

http://www.cnsnews.com/news/article/obama-we-dont-want-tax-all-businesses-out-business

The Marketplace Fairness Act will bankrupt small businesses

For example, in Wisconsin, U.S. flags and Wisconsin state flags are sold tax-free, while other flags are subject to sales tax. However, the rules are different when a flag is bundled with a flagpole. There are thousands of examples like this; each jurisdiction has its own idiosyncratic tax laws. A printout of the rates and exemptions for all jurisdictions is 811 pages long — four inches tall when stacked.

If the House passes the MFA, audits will commence. These audits will come from states where we have no physical presence, no political representation and no right to vote. The number of states capable of auditing our businesses will increase from one to as many as 46 (the number of states with sales taxes). Online retailers will then be vulnerable to the sort of tax-agency targeting that has shocked Americans in recent weeks — from 46 different state tax-collection agencies. That’s terrifying.

http://dailycaller.com/2013/06/04/the-marketplace-fairness-act-will-bankrupt-small-businesses/#ixzz2VpLjztdz

The Marketplace Fairness Act is proposed legislation pending in the United States Congress that would enable state governments to collect sales taxes and use taxes from online retailers. Identical versions were introduced into both the United States House of Representatives and the United States Senate during the 113th United States Congress. During the previous, 112th Congress, a bill (S. 1832) was considered but expired without enactment.

The current bill (the Marketplace Fairness Act of 2013) was introduced on February 14, 2013, in the House as H.R. 684 and in the Senate as S. 336. It was introduced a second time in the Senate as S. 743 on April 16, 2013 and was passed there on May 6, 2013. All three bills are virtually identical and would allow states to require online and other out-of-state retailers to collect sales and use tax.

http://en.wikipedia.org/wiki/Marketplace_Fairness_Act

 

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