11-03-2005, 08:39 AM
from eBay's newsletter The Chatter
the important part- the writer is saying proposed US Internet tax regulations under which businesses with less than $5 million in sales will be exempt from paying the tax are unfair to "small businesses" which have annual sales of $5-$21 million (the writer's definition of a prosperous ebay seller). The author would like to see the exemption raised to $21 million since the US Federal government defines a "small business" as one with less than $21 million in sales. :
the rest of this trash
http://pages.ebay.com/community/chatter/...ature.html
Quote:You might ask, Why do legislators need to meet with eBay sellers? A year ago I would have asked the same question, until I stumbled across the Government Relations team's booth at eBay Live! 2004 in New Orleans. It was there that I learned about how legislative moves at both the federal and state levels can affect eBay sellers and other small and medium business owners. For instance, the Streamlined Sales Tax Project (SSTP) can potentially result in huge additional burdens on small and medium businesses, both on and off eBay. At the state level, issues like auctioneering regulations can also damage your eBay business.
the important part- the writer is saying proposed US Internet tax regulations under which businesses with less than $5 million in sales will be exempt from paying the tax are unfair to "small businesses" which have annual sales of $5-$21 million (the writer's definition of a prosperous ebay seller). The author would like to see the exemption raised to $21 million since the US Federal government defines a "small business" as one with less than $21 million in sales. :
Quote:In all fairness, the SSTP is considering a Small Business Exception for Internet businesses that have gross sales less than $5 million per year. This might seem like a huge number to many occasional eBay sellers, but consider this. The current federal designation of a small business is one that generates less than $21 million dollars per year in gross sales. This makes the proposed Small Business Exception for Internet businesses in the SSTP (businesses with sales less than $5 million) look unfair in comparison. In order for many prosperous eBay sellers to fully achieve the potentials of their growing eBay businesses, the SSTP would need a more robust Small Business Exemption.
the rest of this trash
http://pages.ebay.com/community/chatter/...ature.html