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They don't expect that at all. This bill requires tax code simplification before a state may tax out-of-state sellers. There will only be one taxing entity per
by dangrossman 14y ago
They don't expect that at all. This bill requires tax code simplification before a state may tax out-of-state sellers. There will only be one taxing entity per state, with one database of tax rates and boundaries, and one nationwide rule for determining the locality of the tax.
It's still going to be complicated (up to 50 returns, 50 possible audits, and in the worst case 50 subtly different definitions of what's taxable), but nothing like what you're describing.
- burke 14y agoInteresting. I haven't actually read the bill yet. I assumed it wouldn't make it this far. I guess if it actually results in tax code simplification, that's a decent silver lining.