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Silver Wheaton Corp. Message Board

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  • moses_on_wall_street moses_on_wall_street Nov 26, 2012 1:59 PM Flag

    26-30 Nov Economic Calendar: The Mystery Week is Really SSDD

    Another flaw in their argument, owing to the bleary-eyed lust for the grist of their power, is that "cross-border" sales are likely a wash and that the people benefit by having more disposable funds to spend at home as a result.

    Then there's the danged nightmare of tracking out-of-state sales taxes and filling out all the sales tax forms. We do that for one state already and have no desire at all to become monthly form submitters for 49 others.

    Moreover, a close examination of sales tax laws will reveal that it isn't something incumbent on the purchaser to pay; that would be a purchase tax instead. Sales taxes are levied on the privilege of selling at retail within the geographic borders of the permitting authority and not outside of it. That said, no other state has an arm long enough to reach into this one and command me to collect sales taxes for them and the State of Michigan has tried. The opportunity to flick boogers in that instance was very satisfying.

    You are absolutely correct, we face a constitutional conundrum and the greedy politicians, those eager to siphon yet more money away from the people, see this as yet another way to accomplish their ends.

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