Obama backs Internet sales tax bill

Started Apr 22, 2013 | Discussions thread
Walking Dead
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Re: Is Craiglist a public stock company?
In reply to mamallama, Apr 25, 2013

mamallama wrote:

DVT80111 wrote:

They haven't figured how to collect tax on craiglist transaction yet?

Aren't Craiglist transactions person-to-person? As such there is no sales tax. Sales tax can only be charged by a licensed business that has a sales tax collection account with the state.

Depends on the state. There are many people who make and sell homemade products, or they buy from a company to sell and make a profit.

However, one point of the legislation that has been overlooked. Companies that make less than $1M a year is not required to collect the tax. In that case, it is up to the individual states to pursue the taxes.

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