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 Replies: 9 / Views: 1,380 |
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Valued Member
United States
126 Posts |
Hello everyone I live in Florida and want to sell items on ebay. Someone ask me the other day if I will be required to collect sales tax, and I told them I wasn't sure. Does anyone know if sellers are required to collect sales tax? Thanks |
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Pillar of the Community
 United States
5668 Posts |
ebay will automatically collect the sales tax for you, depending on whether the buyer lives in a state that requires sales tax on coins.
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Valued Member
165 Posts |
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Valued Member
 United States
126 Posts |
I sell odds and ends plus coins. ebay did ask me to post sales tax rate for my area when I went to list an item. So I just want to do the right thing but not sure what is right thing to do. Anyway I know a lot of you post on ebay so thought I would ask. |
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Bedrock of the Community
United States
20753 Posts |
Not sure but taxing the sale of money is sort of nuts. Imagine if every time you used a dollar bill, you had to pay taxes on just the bill itself. I wonder when they will start taxing the taxes.
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Valued Member
United States
73 Posts |
I gave up on ebay years ago when they started to get greedy. |
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Pillar of the Community
Canada
3733 Posts |
if you are not registered to collect sales tax, then don't set your auctions to collect it. If you are a registered business, then yes you do.. ebay will automatically charge, and collect the internet sales tax.. |
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Pillar of the Community
United States
1613 Posts |
I live in a state that is exempt, yet on one occasion was charged. The real question becomes, if the seller is in a state which pays 8% and the buyer in one which pays 6%, whose to say the collected tax goes to the charged state? If not, the original get's shorted 2%. Either way, tax on coinage should not be implemented, period. If anything, simplify it by charging the seller his rate. Which in turn the seller would add to the cost. Greed does things to stupid people in a position of authority. On the same note, in my state clothing is exempt yet every time I get charged. Is ebay not required to read and follow my states, or the other 49, guidelines? ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
Edited by Ballyhoo
11/01/2020 09:38 am
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Pillar of the Community
United States
4591 Posts |
For interstate commerce it's the seller's location (The Wayfair decision). If you go out to the Florida tax site, look for their page on marketplace sales or Wayfair. Also Google shows a bill before the Florida Senate to tax marketplaces https://www.flsenate.gov/Session/Bi...t/Filed/HTMLand this says Florida is one of just 8 states without a marketplace taxation https://www.multistate.us/insider/2...lection-lawsPre Wayfair you would be required to collect tax on taxable sales to Florida residents and residents of other states would be required to submit a use tax return based on THEIR state laws. Wayfair allows states to tax based on the seller's location and of course based on state law. As an individual there is typically a de minimus test, so many sales and so much $. But the marketplace will bust through those easily and be required to tax all sales. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
United States
17884 Posts |
Quote:
For interstate commerce it's the seller's location (The Wayfair decision). My understanding is it is the buyers location that establishes the rate and the seller collects the tax and remits it to the buyers state revenue department. The whole point of Wayfair was for the state to recapture the state sales or use tax that the buyer was avoiding by purchasing online or out of state. It is the buyer who pays the tax so it is his jurisdictions rate that applies. That was one of the problems for a small business selling online, they would have to keep track of all the thousands of ever changing tax rates in states, counties and municipalities around the country. And I would suspect ebay will collet the tax based on the buyers location whether you are a registered business or not. |
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Replies: 9 / Views: 1,380 |
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Posted 10/31/2020 10:31 pm
