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Post by Bob Olhsson on Jun 23, 2018 10:16:36 GMT -6
The original reason for exempting internet sales was to encourage new businesses. Now that Amazon is the biggest retailer in America, that argument went right out the window. As for rates, when you don't have an income tax, you have high sales and property taxes. There's no free lunch.
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Post by mulmany on Jun 23, 2018 11:52:25 GMT -6
Everyone needs to move to Delaware! Lol
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Post by drbill on Jun 23, 2018 12:13:36 GMT -6
What I suspect is going to make the Sales Tax situation look like a drop in the bucket?
The new Tariff situation, and it's impact on both manufacturers and purchasers. I think the least of our worries will be sales tax.....
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Post by ericn on Jun 23, 2018 12:22:53 GMT -6
What I suspect is going to make the Sales Tax situation look like a drop in the bucket? The new Tariff situation, and it's impact on both manufacturers and purchasers. I think the least of our worries will be sales tax..... Umm yeah!
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Post by jtc111 on Jun 23, 2018 12:50:55 GMT -6
What I suspect is going to make the Sales Tax situation look like a drop in the bucket? The new Tariff situation, and it's impact on both manufacturers and purchasers. I think the least of our worries will be sales tax..... Umm yeah! Where's a stable genius when you need one?
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Post by drbill on Jun 23, 2018 13:29:28 GMT -6
Yup. Small US manufacturers are almost certainly going to get killed with much higher costs of parts - depending on where in they are coming from in Asia. Resulting in significantly higher costs of products. Then, in addition to the raised product retail costs, EU buyers of US pro audio products are going to get SUPER killed with 25-50% of retail tariff's being tacked on in retaliation to recent US tariff's. And that's in addition to the EU customers who are paying VAT which is in the 20-25% range. So.....by the time they pay shipping, VAT and the new Tariff's, the price could be almost 200% of USD retail for EU customers of US manufactured goods. And that's 200% of a HIGHER USD price due to US manufacturer's parts going up. It's still all up in the air how it will shake out, but it's scary when the real players start calling each others bluff in a "global" economy. From what I've been able to discern, what this means in reality? EU customers will end up staying in EU for their purchases and US manufacturers that currently sell into the EU will take a big hit - with the potential of many of our favorite boutique manufacturers going out of Biz.....(that is if a substantial portion of their sales are traditionally from the EU.) And we're worried about sales tax?
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Post by NoFilterChuck on Jun 23, 2018 16:32:46 GMT -6
you should be deprecating your equipment. lol I believe you mean "Depreciating", not deprecating. Deprecating is what Apple will do to OpenGL in the coming years.
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Post by kcatthedog on Jun 23, 2018 17:37:04 GMT -6
For me the combo of the strong us$, shipping, taxes and duties: it’s getting the point where it’s very hard to buy new.
already around 30%
It’s funny sad, as trump misrepresent trade figures between our two nations he imposed more tariffs that directly drive up the price of products bought by American’s or its industry for goods and products sold in the US.
I don’t think he really understands net balance of trade data and we are all going to pay the price: who benefits ?
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Post by ericn on Jun 23, 2018 18:50:00 GMT -6
you should be deprecating your equipment. lol I believe you mean "Depreciating", not deprecating. Deprecating is what Apple will do to OpenGL in the coming years. Man Chuck between my screwed up fingers and auto correct I’m surprised I can put anything out there at all😁
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Post by ericn on Jun 23, 2018 19:04:56 GMT -6
Yup. Small US manufacturers are almost certainly going to get killed with much higher costs of parts - depending on where in they are coming from in Asia. Resulting in significantly higher costs of products. Then, in addition to the raised product retail costs, EU buyers of US pro audio products are going to get SUPER killed with 25-50% of retail tariff's being tacked on in retaliation to recent US tariff's. And that's in addition to the EU customers who are paying VAT which is in the 20-25% range. So.....by the time they pay shipping, VAT and the new Tariff's, the price could be almost 200% of USD retail for EU customers of US manufactured goods. And that's 200% of a HIGHER USD price due to US manufacturer's parts going up. It's still all up in the air how it will shake out, but it's scary when the real players start calling each others bluff in a "global" economy. From what I've been able to discern, what this means in reality? EU customers will end up staying in EU for their purchases and US manufacturers that currently sell into the EU will take a big hit - with the potential of many of our favorite boutique manufacturers going out of Biz.....(that is if a substantial portion of their sales are traditionally from the EU.) And we're worried about sales tax? Here is thing I don’t think the pro trade war people get. The entire world economy is based on perception of what the future will be, now we put a tariff on steel and aluminum at the same time as the price of oil increases people are going to cut back simply because one of these 3 is either part of what your buying or part of what is used to make what your buying! If I make a steel widget, I need steel and there isn’t much generic steel made in the US and it will take years for the US to bring the steel production back on line what do I do? Do I play short thinking this isn’t going to last so in the long run I’m not sitting on steel I paid the extra tariff on ? Do I play long thinking if I buy a bunch maybe I can get a big enough discount to chip away some of that extra cost because of the tariff? Business hates the unknown stability is what the thrive in and this is an anything but stable environment. Also guess what 90% of the business are going to do to absorb some of this extra cost and trim because they can’t sell as many widgets ? Cut US jobs! If this goes on high inflation and unemployment oh what fun. Make no mistake the anti tax establishment just put a huge tax on the American people, because that’s what tariffs really are! Winetrees earlier reference to the Boston Tea Party, well The Stamp tax was guess what a Tariff !
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Post by Bob Olhsson on Jun 24, 2018 9:03:07 GMT -6
We have one party completely dominated by inherited wealth.
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Post by ericn on Jun 25, 2018 9:35:49 GMT -6
We have one party completely dominated by inherited wealth. Bob Having felt with and known many powerful people of the party you speak of I respectfully disagree the fact that as a party in complete control of government shows a major split between the money and the idealistic. The irony here is the last election showed the other party has the same problem, the difference is one side learned the lesson of Bush vs Gore the other didn’t!
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Post by Bob Olhsson on Jun 25, 2018 10:01:27 GMT -6
My point was inherited wealth vs. earned wealth. I'd be happy with a real conservative or a real progressive.
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Post by Guitar on Jun 25, 2018 10:05:44 GMT -6
It's yet another case of technology subverting the status quo. When you think about it, being able to instantly purchase something -anything!- from someone thousands of miles away is a game-changing shift in the retail sales paradigm and has already had a seismic impact on the business world. This latest is part of the fallout. As sellers and purchasers of expensive gear, we have enjoyed the interim period. I am sad to see it go, as is my wallet. I foresee deeper discounting to make up for the painful bump in final prices. In one of those random connections that happens in life, I worked at Sears in the 90s and I remember the then-CEO saying that in his opinion, the Internet was a place for crackpots and would never amount to anything. The company shut down it's catalog just as online sales started taking off. The penalty has been harsh, as it always is in business- Sears has been on a death watch for years, and will no doubt disappear. The store I worked at in urban Phoenix is closing, along with 100s of others. Survival of the fittest, distilled. The American Way. Our Sears in Asheville is shutting down right now.. It is a little bit sad
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Post by ericn on Jun 25, 2018 10:27:26 GMT -6
It's yet another case of technology subverting the status quo. When you think about it, being able to instantly purchase something -anything!- from someone thousands of miles away is a game-changing shift in the retail sales paradigm and has already had a seismic impact on the business world. This latest is part of the fallout. As sellers and purchasers of expensive gear, we have enjoyed the interim period. I am sad to see it go, as is my wallet. I foresee deeper discounting to make up for the painful bump in final prices. In one of those random connections that happens in life, I worked at Sears in the 90s and I remember the then-CEO saying that in his opinion, the Internet was a place for crackpots and would never amount to anything. The company shut down it's catalog just as online sales started taking off. The penalty has been harsh, as it always is in business- Sears has been on a death watch for years, and will no doubt disappear. The store I worked at in urban Phoenix is closing, along with 100s of others. Survival of the fittest, distilled. The American Way. Our Sears in Asheville is shutting down right now.. It is a little bit sad Sear’s and many others are a sad case of nobody telling the boss “ the emperor isn’t wearing any clothes”, so many retailers over built chasing growth and market share without realizing they were hurting their establied stores and their largest cost were real estate and labor! That realization is just hitting Starbucks and I’m betting in the next 5 years Amazon, when they realize 5 huge warehouses in KC isn’t any different than 5 stores.
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Post by ericn on Jun 25, 2018 10:34:08 GMT -6
My point was inherited wealth vs. earned wealth. I'd be happy with a real conservative or a real progressive. Yes but there’s also a lot new money in them there PAC’s as well. For every wealthy republican I know who owes his fortune to his genetic line I know 3 who built it themselves. The funny thing is in both cases the next generation is far more liberal, so maybe there is hope?
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Post by christopher on Jun 25, 2018 11:07:31 GMT -6
I've been thinking, why don't these dying retailers like Sears do live music? Or at least free babysitting services? Anything to get young people into the stores.
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Post by ericn on Jun 25, 2018 11:22:54 GMT -6
I've been thinking, why don't these dying retailers like Sears do live music? Or at least free babysitting services? Anything to get young people into the stores. As a parent I will admit I cried when my son out grew the IKEA supervised play area 😥 Live music can bring crowd’s but every retailer and or shopping center I know who’s tried it has said people yes, sales no! It can also drive people away, it’s to loud, I don’t like the music, the crowd made it difficult ect.
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Post by donr on Jun 25, 2018 12:44:56 GMT -6
Besides the decline in state sales tax revenue, the internet 'loophole' has help kill brick and mortar retail. I'll likely continue buying from Amazon and others for the convenience and selection, even if prices are evened by sales tax collection. I would buy something from Best Buy, but you can't even buy a USB-A cable there anymore. Bring back Radio Shack!
There's a constitutional question, how and why should a State tax transactions made outside their borders. States are now hounding people like touring musicians, comedians and professional sports people, taxing the income they earn in their state when they appear/play there. You theoretically might have to file State tax returns in 50 States.
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ericn
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Post by ericn on Jun 25, 2018 12:52:54 GMT -6
Besides the decline in state sales tax revenue, the internet 'loophole' has help kill brick and mortar retail. I'll likely continue buying from Amazon and others for the convenience and selection, even if prices are evened by sales tax collection. I would buy something from Best Buy, but you can't even buy a USB-A cable there anymore. Bring back Radio Shack! There's a constitutional question, how and why should a State tax transactions made outside their borders. States are now hounding people like touring musicians, comedians and professional sports people, taxing the income they earn in their state when they appear/play there. You theoretically might have to file State tax returns in 50 States. Hey try living in one state and the majority of your household income comes from across the boarder, I’d move to KS but, as the bumper sticker says “ Kansas City MO, more city less Kansas”😎
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Post by swurveman on Jun 25, 2018 13:29:30 GMT -6
Besides the decline in state sales tax revenue, the internet 'loophole' has help kill brick and mortar retail. I'll likely continue buying from Amazon and others for the convenience and selection, even if prices are evened by sales tax collection. I would buy something from Best Buy, but you can't even buy a USB-A cable there anymore. Bring back Radio Shack! There's a constitutional question, how and why should a State tax transactions made outside their borders. States are now hounding people like touring musicians, comedians and professional sports people, taxing the income they earn in their state when they appear/play there. You theoretically might have to file State tax returns in 50 States. It's going to be interesting to see how states deal with the loss of revenue do to the S Corp tax cut. I file in 13 states, all of which start their tax calculations with the adjusted gross income figure that I report on my federal returns. That adjusted rate is about 35- 40% lower than last year due to the new tax laws' additional depreciation deduction we were able to take off our taxable income and the additional 20% tax cut on top of the adjusted net income after depreciation that I get. So, the states are all looking at about 35-40% less income from all of our shareholders.
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Post by joseph on Jun 26, 2018 10:22:07 GMT -6
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Post by swurveman on Jun 26, 2018 11:12:53 GMT -6
Like Harley, or any company, is going to tell their shareholders, "were going to absorb losses and do nothing about them because we trust Trump will make it all good for us in the long run". Strange days.
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Post by Johnkenn on Jun 26, 2018 15:27:18 GMT -6
For me the combo of the strong us$, shipping, taxes and duties: it’s getting the point where it’s very hard to buy new. already around 30% It’s funny sad, as trump misrepresent trade figures between our two nations he imposed more tariffs that directly drive up the price of products bought by American’s or its industry for goods and products sold in the US. I don’t think he really understands net balance of trade data and we are all going to pay the price: who benefits ? You don’t think a business man who has made several billion over the course of his lifetime understands business? Just like everything else he’s done - watch - the tariffs are just a bargaining tool.
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Post by Johnkenn on Jun 26, 2018 15:28:07 GMT -6
But again, no politics please.
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