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Worldwide Internet sales tax alert!

Discussion in 'Making Money' started by dizz, Oct 8, 2011.

  1. dizz

    dizz Elite Member

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    [FONT=&quot]Definitions you will need to fully evaluate the sales tax alert, which is moved from yellow to red![/FONT]
    [FONT=&quot]Computer virus is a program that can replicate itself when a host visits another computer. State taxation is a computer tax virus. It will be hosted on your business in the location for you reside. [/FONT]​

    [FONT=&quot]Computer worm is a self-replicating program which uses the network to send copies of itself without any user instigation. Federal Internet tax is a tax worm because businesses will be taxed worldwide.[/FONT]
    [FONT=&quot]Internet sales tax is the amount charged by businesses when selling over the Internet to other residents of its state.[/FONT]
    [FONT=&quot]Nexus is the word used for the lawful domicile of a business. As the tax pigs have begun their march to generate revenue nexus has been redefined to include any state that has a physical presence by the company. For example, a company with their headquarters in New York and a warehouse in California are now considered to have nexus in both states. Simply, this means sales tax can be levied on transactions by the company in both states.[/FONT]
    [FONT=&quot]The American Constitution prohibits companies from charging and regulating transactions across state lines. According to the Constitution interstate taxation is forbidden. This is reaffirmed by a 1992 Supreme Court case that ratified interstate taxation as unlawful.[/FONT]
    [FONT=&quot]Use tax is a morphed bastardization to wink and tax Internet transactions by companies to their clients who do not reside in their state of nexus.[/FONT]
    [FONT=&quot]The United States admits to having a $14 trillion deficit, and combining state deficits in all likelihood, pushes that amount to enhance access of $50 trillion. The short fact here is the federal government and its 50 states are effectively bankrupt.[/FONT]
    [FONT=&quot]The federal government and states have only one way to secure revenue, taxes![/FONT]
    [FONT=&quot]In 2009 states desperate for new revenue begin illegal moves to tax Internet transactions across state lines. 23 states are in different stages of beginning to pass laws and instigate unlawful Internet sales and use tax illegally.[/FONT]
    [FONT=&quot]New York was the first to ratify it sales tax law and is awaiting a court decision before hammering its resident[/FONT]
    [FONT=&quot]Business enterprises. Illinois long a state famous for not being encumbered by law rolled out their Internet sales tax in July of 2011. Illinois companies fled the state to avoid being illegally taxed. California has just finalized a backroom deal with Amazon to delay implementation of their new sales and use tax until the fall of 2012. This deal allowed Amazon to reach out to over 10,000 affiliates with nexus in California an issue a 12 month reprieve until they are moved off of taxation death row to face final execution, administered by the tax collector.[/FONT]
    [FONT=&quot]In a candid moment Amazon revealed it is now taking its army of lobbyists to Washington to assist implementation of a national federal sales and use tax. This will not extinguish or prohibit any state, city or county from taxing Internet sales. The federal sales tax will be layered on top of all other sales and use tax entities.[/FONT]
    [FONT=&quot]The Internet sales tax does not stop at the water's edge. When Amazon and the big box stores are successful in assisting to bring federal sales tax, it will include taxation collection by companies domiciled anywhere on the planet.[/FONT]
    [FONT=&quot]Above the line is a term defined in tax preparation as the calculations used to exhibit gross income of a business. Below the line is the place taxes are calculated. Entrepreneurial businesses always focus on the above the line calculations. Even though taxes represent 40 to 50% of their gross revenue their tax preparer annually, they spend as little time as possible to compile their income information, and deliver to their tax preparer. One marker of success was small business is when they reach the moment in their adventure to begin to think about how they can lawfully trim their bottom line expenses. Until that magic tipping point is reached, they do not want to spend any time contemplating taxes. It is a mandated exercise that steals from their productive time.[/FONT]
    [FONT=&quot]Now we will look at why the Internet tax alert has moved from yellow to red. Amazon in a rare moment of truth reveals their true agenda. It is to instigate Internet tax that will reap destroy their Associates program. Their bodies will be little noticed as layer piled up with millions of small business entrepreneurs, scratching out a living on the Internet. This is creative destruction by taxation. Internet businesses being true to the modality of entrepreneur-ism are 100% focused on growing their revenue above the line. Every once in a while they notice a small cancerous cell, but postpone any diagnostic action. They can deal with curing this cancer situation after they have made their millions. What they don't realize is at a point in time in the very near future tax cancer will have taken control. Does your small business have the luxury of waiting two or three years for a Supreme Court decision to ratify taxation across state lines is unconstitutional?[/FONT]
    [FONT=&quot]Allow me to present the scenario of what businesses worldwide will be forced to do if they outlaw sales tax movement prevails.[/FONT]
    [FONT=&quot]The good news is each business will not be forced to compile and collect the Internet sales and use tax. PayPal banks and other payment clearing entities will collect the tax. When payment is made on the transaction, they will withhold the tax due to the federal government, states, cities and counties. For example telephone service was taxed by 7500 separate governmental bodies before reforms were instigated in 2000. This occurred only after independent entrepreneurial prepaid phone card issuers were destroyed. It will be very easy to collect this tax worldwide as any financial clearing institution that desires to operate in the United States must agree to be the collector. These institutions will love our new Internet sales tax because they can charge exorbitant fees for their services. The financial Reform Act does not limit charges of this type. A five dollar monthly charge for your debit card will pale when it comes to the gouging by these financial institutions. The entrepreneurial business by law will not be allowed to collect taxes due and then pay later.[/FONT]
    [FONT=&quot]Informed experts estimate this tax system will increase costs to Internet products at least 30%. Are you ready to trim 30% from your above the line calculation? Where there was smoke, we now see fire. This can be stopped but the train is almost ready to leave the station and we are still setting on the tracks.[/FONT]


    [FONT=&quot]Dizz
    [/FONT]
     
  2. Kickflip

    Kickflip BANNED BANNED

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    Is there a short version of this?
     
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  3. dizz

    dizz Elite Member

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    well why the thing is we are not taking notice of the writing on the wall.bottom line they want more of our money.

    Dizz
     
  4. Evan Foster

    Evan Foster Junior Member

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    What is this?
    Does individual freelancer need to pay sales taxes now? I am already paying income Tax.
     
  5. cool0403

    cool0403 BANNED BANNED

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    Take my advice, Incorporate!
     
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  6. dizz

    dizz Elite Member

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    This at the moment is what is in store for our way of life lots of taxes from lots of agency's .

    Dizz
     
  7. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator

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    A little easier format below but I don't see this happening as a world wide entity type of thing myself.

    Definitions you will need to fully evaluate the sales tax alert, which is moved from yellow to red!

    Computer virus is a program that can replicate itself when a host visits another computer. State taxation is a computer tax virus. It will be hosted on your business in the location for you reside.

    Computer worm is a self-replicating program which uses the network to send copies of itself without any user instigation. Federal Internet tax is a tax worm because businesses will be taxed worldwide.

    Internet sales tax is the amount charged by businesses when selling over the Internet to other residents of its state.

    Nexus is the word used for the lawful domicile of a business. As the tax pigs have begun their march to generate revenue nexus has been redefined to include any state that has a physical presence by the company. For example, a company with their headquarters in New York and a warehouse in California are now considered to have nexus in both states.

    Simply, this means sales tax can be levied on transactions by the company in both states.

    The American Constitution prohibits companies from charging and regulating transactions across state lines. According to the Constitution interstate taxation is forbidden. This is reaffirmed by a 1992 Supreme Court case that ratified interstate taxation as unlawful.

    Use tax is a morphed bastardization to wink and tax Internet transactions by companies to their clients who do not reside in their state of nexus.

    The United States admits to having a $14 trillion deficit, and combining state deficits in all likelihood, pushes that amount to enhance access of $50 trillion. The short fact here is the federal government and its 50 states are effectively bankrupt.

    The federal government and states have only one way to secure revenue, taxes!

    In 2009 states desperate for new revenue begin illegal moves to tax Internet transactions across state lines. 23 states are in different stages of beginning to pass laws and instigate unlawful Internet sales and use tax illegally.

    New York was the first to ratify it sales tax law and is awaiting a court decision before hammering its resident
    Business enterprises.

    Illinois long a state famous for not being encumbered by law rolled out their Internet sales tax in July of 2011. Illinois companies fled the state to avoid being illegally taxed. California has just finalized a backroom deal with Amazon to delay implementation of their new sales and use tax until the fall of 2012.

    This deal allowed Amazon to reach out to over 10,000 affiliates with nexus in California an issue a 12 month reprieve until they are moved off of taxation death row to face final execution, administered by the tax collector.

    In a candid moment Amazon revealed it is now taking its army of lobbyists to Washington to assist implementation of a national federal sales and use tax. This will not extinguish or prohibit any state, city or county from taxing Internet sales. The federal sales tax will be layered on top of all other sales and use tax entities.

    The Internet sales tax does not stop at the water's edge. When Amazon and the big box stores are successful in assisting to bring federal sales tax, it will include taxation collection by companies domiciled anywhere on the planet.

    Above the line is a term defined in tax preparation as the calculations used to exhibit gross income of a business. Below the line is the place taxes are calculated. Entrepreneurial businesses always focus on the above the line calculations. Even though taxes represent 40 to 50% of their gross revenue their tax preparer annually, they spend as little time as possible to compile their income information, and deliver to their tax preparer.

    One marker of success was small business is when they reach the moment in their adventure to begin to think about how they can lawfully trim their bottom line expenses. Until that magic tipping point is reached, they do not want to spend any time contemplating taxes. It is a mandated exercise that steals from their productive time.

    Now we will look at why the Internet tax alert has moved from yellow to red. Amazon in a rare moment of truth reveals their true agenda. It is to instigate Internet tax that will reap destroy their Associates program. Their bodies will be little noticed as layer piled up with millions of small business entrepreneurs, scratching out a living on the Internet.

    This is creative destruction by taxation. Internet businesses being true to the modality of entrepreneur-ism are 100% focused on growing their revenue above the line. Every once in a while they notice a small cancerous cell, but postpone any diagnostic action. They can deal with curing this cancer situation after they have made their millions.

    What they don't realize is at a point in time in the very near future tax cancer will have taken control. Does your small business have the luxury of waiting two or three years for a Supreme Court decision to ratify taxation across state lines is unconstitutional?

    Allow me to present the scenario of what businesses worldwide will be forced to do if they outlaw sales tax movement prevails.

    The good news is each business will not be forced to compile and collect the Internet sales and use tax. PayPal banks and other payment clearing entities will collect the tax. When payment is made on the transaction, they will withhold the tax due to the federal government, states, cities and counties. For example telephone service was taxed by 7500 separate governmental bodies before reforms were instigated in 2000. This occurred only after independent entrepreneurial prepaid phone card issuers were destroyed.

    It will be very easy to collect this tax worldwide as any financial clearing institution that desires to operate in the United States must agree to be the collector. These institutions will love our new Internet sales tax because they can charge exorbitant fees for their services. The financial Reform Act does not limit charges of this type.

    A five dollar monthly charge for your debit card will pale when it comes to the gouging by these financial institutions. The entrepreneurial business by law will not be allowed to collect taxes due and then pay later.

    Informed experts estimate this tax system will increase costs to Internet products at least 30%. Are you ready to trim 30% from your above the line calculation? Where there was smoke, we now see fire. This can be stopped but the train is almost ready to leave the station and we are still setting on the tracks.


    Dizz
     
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  8. zero-day

    zero-day Regular Member

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    Personally, the world pissed me off with the "cash 4 clunkers" now this? This just rubs me the wrong way.

    Fix the current problems you have before you go and look for new solutions to problems that aren't even relevant.

    For example - the penny. It costs more to produce it than it's even worth. So now what do you do with it? Come on.... a 3rd grader could figure this one out. YOU STOP PRODUCING IT!

    We invade other countries, for what rhyme or reason? We can't even keep our own country safe/stable.
    Everyone is looking for the "next best car" with the best MPG and what-not, well, i went to the car dealership the other day and what did I see? Well, what I saw was ALL new cars brand new cars. So, I got out my phone and did some research right then and there while talking to the dealer. He said "this car is great is snow! It's a tank!" loe and behold the car weighed about 1 tons(2,000 LBS).

    Now think, 2,000 lbs, yeah that may seem like a hell of a lot of weight considering the average adult male in America is between 170-250 LBS, so now suppose your on the highway and its a bit icy out. You have the car your in(2,000 lbs) and you(200 lbs) moving about 60-70 MPH. Now, the highway/freeway theres always trucker's flying because they get paid for how many deliveries they can do and by the weight of the deliveries etc. So their going as fast as they legally can and staying awake as long as they physically can as well as taking pills and what-not to stay awake to make more money. Now, the force of AIR, and just basic physics, his truck alone weights about 5,000 lbs(im guessing) and let's say his load weights about 7,000 lbs, that's a grand total of 12,000 lbs going 70 mph less than 5 ft away from you weighing a grand total of 2,200 lbs, that's just about 10,000 lbs heavier than you.

    If you want to break it down, that's roughly the same as 56 people that weight 180 lbs, now think back to grade school, if the classes have about 30 kids in each one, thats just about 2 classrooms of kids.

    If it's icy out and you have 10,000 lbs flying past you, and that wind moves your car just a little bit the wrong way and you hit an ice patch, chances are for how flimsy the newer car's are compared to the older cars, from the 70's and 80's, your "great new car" is now a "great scrap car", it will be junked.

    So before you go out and buy a new car, think. Is it worth buying a brand new car for $50,000 total or spending $10,000 on an old car that has style and you know can take a good hard hit and youll walk away virtually injury free, or would you rather get 10 MPG more and eventually get into a severe crash and have the car potentially roll(because of how light they are) and put not only your live, but your passengers lives, as well as other drivers lives at a severe risk.

    Me, personally, I REFUSE to purchase a car that's newer than 1990.
    I love the classic cars because they have style, also, I know that if I get hit, yeah ill be sore the next day and all, but god-forbid if I do get hit HARD, I'll more-than-likely walk away virtually without a scratch on me, and my car will have a few dings/dents that can be taken out for a few hundred dollars.
     
  9. humvee9

    humvee9 Power Member

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    This is not the gr8 way of gettin out of Economic Depression... virtual world won't shell their hrad earned moolah :p
     
  10. Roparadise

    Roparadise BANNED BANNED

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    When did Blackhatters become worried about taxes?
     
  11. jonnyquest

    jonnyquest Regular Member

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    Solution: pay any tax and pass it on to the end user...done
     
  12. Roparadise

    Roparadise BANNED BANNED

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    Thats what most business already do,the customer is the one responsible for sales tax but to make it much easier to collect businesses just include it. I am against a new tax that makes the sales tax on internet items more expensive,but I am not against the regular sales tax being enforced by the states. If they were not enforced it would mean less money going to schools,as more people go online to buy things.
     
  13. dizz

    dizz Elite Member

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    Well that's great let them do whatever they want and just let it by. Thats what has been wrong with today's people we let them just do and we just pass it on no responsibility no answer because no questions.Maybe I think about it more now because of age of income but they already take a bite out of me lets add more.

    Dizz
     
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