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cnnbrk's profile
CNN Breaking News
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Breaking news from CNN Digital. Now 54M strong. Check @cnn for all things CNN, breaking and more. Download the app for custom alerts: http://cnn.it/Apps 

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    CNN Breaking News‏Verified account @cnnbrk Jun 21

    The Supreme Court allows states to collect sales taxes from online retailers that do not have a "physical presence" in that state https://cnnmon.ie/2K79LrW pic.twitter.com/z1oA4agEMR

    7:46 AM - 21 Jun 2018
    • 214 Retweets
    • 308 Likes
    • CorlonD Zachary Chavey Japhrednamunane Rose porcare Phil connor Rooks rachel🦇 Jasmine Golden Raa'zuel
    114 replies 214 retweets 308 likes
      1. New conversation
      2. 𝙼𝚊𝚝𝚝  🌯‏ @iSmashew Jun 21
        Replying to @cnnbrk

        So now every online retailer, regardless of size, has to reach out to every single city, in every state, that it has EVER shipped anything to to give them their sales tax $. Cutting 20,000 - $1.18 checks hurts small businesses and favors large retailers.

        3 replies 4 retweets 14 likes
      3. dickhatch‏ @THEdickhatch Jun 21
        Replying to @iSmashew @cnnbrk

        Or ya know, you just use a service like those small businesses probably already do anyway?

        1 reply 0 retweets 1 like
      4. 𝙼𝚊𝚝𝚝  🌯‏ @iSmashew Jun 21
        Replying to @THEdickhatch @cnnbrk

        A lot of those services will likely need to be retooled. You also have stuff like Etsy stores, EBay sales from small LLCs. Lots of people that will have to collect the tax, then send lots of small checks and comply with laws. Or pay for a new service.

        1 reply 0 retweets 1 like
      5. dickhatch‏ @THEdickhatch Jun 21
        Replying to @iSmashew @cnnbrk

        All those stores use Stripe or Shopify or some equiv. It's not as bad as you're making it out to be because those tools already do this for your home state, and those tools do it for other people's home states. Sure it costs for the tax itself, but it's not any more of a burden

        1 reply 0 retweets 0 likes
      6. 𝙼𝚊𝚝𝚝  🌯‏ @iSmashew Jun 21
        Replying to @THEdickhatch @cnnbrk

        Ya, but now someone has to pay those vendors. It increases the cost of business, albeit slightly... I’m not that mad about it. Just another one of those erosions.

        1 reply 0 retweets 3 likes
      7. dickhatch‏ @THEdickhatch Jun 21
        Replying to @iSmashew @cnnbrk

        But it's the price of doing business in those localities. I see what you're saying but I don't think it unfairly hurts one business more than another. If anything it costs Amazon more because they write their own payments service, but that's an investment in their eyes

        1 reply 0 retweets 1 like
      8. 𝙼𝚊𝚝𝚝  🌯‏ @iSmashew Jun 21
        Replying to @THEdickhatch @cnnbrk

        The larger you are, with economies of scale, the impact on your compliance of this change will be less than smaller companies. Whereas they were able to sell without taxes before. Maybe it is just a leveling of the playing field, and that is ok. But it’ll have an impact.

        1 reply 0 retweets 1 like
      9. dickhatch‏ @THEdickhatch Jun 21
        Replying to @iSmashew @cnnbrk

        That's why they call it an investment, whereas those smaller companies don't have the capital to do it. Which is why they use a service for a non-zero fraction of the investment (also called "impact"). I think we're walking around in circles saying the same things lol

        0 replies 0 retweets 0 likes
      10. End of conversation
      1. New conversation
      2. Lydian Faust‏ @LydianFaust Jun 21
        Replying to @cnnbrk

        ffs :(

        1 reply 0 retweets 4 likes
      3. Jack Burton‏ @ChiveonDetroit Jun 21
        Replying to @LydianFaust @cnnbrk

        This hurts small businesses.

        2 replies 0 retweets 8 likes
      4. mikelf‏ @MichaelSchmel11 Jun 21
        Replying to @ChiveonDetroit @LydianFaust @cnnbrk

        Is small business taxed at the same scale as large business or industry if it's not it can't compete so is it fair? The scale shifted again with tax cuts jobs act bill

        2 replies 0 retweets 0 likes
      5. Dropingin‏ @dbujake Jun 21
        Replying to @MichaelSchmel11 @ChiveonDetroit and

        This will hurt small businesses—- you need another employee just to file all the different state sales taxes. Most small businesses can’t afford that. Puts them at a big disadvantage against the big guys that can afford to put another employee in place.

        1 reply 0 retweets 3 likes
      6. Jack Burton‏ @ChiveonDetroit Jun 21
        Replying to @dbujake @MichaelSchmel11 and

        BINGO! The other options that happen are third party services and consolidation to online markets like those of Amazon and WalMart that allow you to list product and they handle the transactions and give you a small percentage of the sale.

        0 replies 0 retweets 2 likes
      7. End of conversation
      1. New conversation
      2. Arlene Hittle‏ @ahittle_ybbbs Jun 21
        Replying to @cnnbrk

        So Amazon needs to open one physical bookstore in every state. Problem solved.

        2 replies 1 retweet 2 likes
      3. Kevin Wilson‏ @kevinwilson16 Jun 21
        Replying to @ahittle_ybbbs @cnnbrk

        That ... wouldn’t do anything.

        1 reply 0 retweets 1 like
      4. Arlene Hittle‏ @ahittle_ybbbs Jun 21
        Replying to @kevinwilson16 @cnnbrk

        Wouldn't they then have a "physical presence" in every state?

        2 replies 0 retweets 0 likes
      5. Kevin Wilson‏ @kevinwilson16 Jun 21
        Replying to @ahittle_ybbbs @cnnbrk

        Stores with a physical presence are already subject to taxes. Clearly you don’t read enough.

        0 replies 0 retweets 9 likes
      6. End of conversation
      1. Ramiro Saavedra-Bece‏ @rasbe Jun 21
        Replying to @cnnbrk

        Very, very bad....

        0 replies 0 retweets 14 likes
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      1. New conversation
      2. Martha‏ @marthaanne_m Jun 21
        Replying to @cnnbrk

        Higher taxes, eliminating access to healthcare, a GOP tax bill which benefits the top 1% at the expense of the mid class, chaotic border practices with human rights violations, a Pres who kowtows to brutal dictators with US concessions that weaken America abroad. Pay attention.

        1 reply 2 retweets 6 likes
      3. 1 more reply

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