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Saying that's what some small businesses say they're gonna feel the fourth to collect sales taxes on Internet purchases.
And joining me now -- Sweeney sealed my ball breaking dot com with.
Help small businesses incorporate.
Thanks for being what -- Debra.
We're hearing congress which already has passed that or senator started to pass it say that.
We that brick and mortars at a disadvantage and therefore.
It's time to put a sales tax on all Internet this -- -- over a million dollars just how bad a burden would it be for your your plans.
-- -- they're calling the marketplace fairness act and I think it's a euphemism for what's really happening.
Our customers are small business owners that we incorporated for -- for every day are saying that they can't afford these taxes and it's really too much for them at this time.
-- you point out that actually it's an extra burden on and on liner that a brick and mortar store doesn't half to two to do if this law passes wife that.
That's right because online businesses are being taxed and these bricks and a -- -- Are not being taxed for the for their online shipments I think it's really a problem for online businesses making over a million dollar selling out of state.
-- -- Now what should be done instead of -- don't you think we ought to have some kind of tax on the Internet to raise more money so government government can spend more.
What I think -- the -- taxes are reasonable but it's too difficult for small businesses to try to figure out 9600 different tax laws throughout the US.
And file online and figure out all of the requirements of heart an accidental corporate -- -- an LLC.
Let alone realize all of the different paths bus outside their home state they should have happened in their own state but outside -- their home state it's too difficult for them to.
Contain a determination on how much they -- Yet have a lot there's some -- 9600.
Different taxing agencies that they would have -- To worry about.
Now that congress would would exempt businesses that with less than a million dollars in revenue but get an idea what percentage of small businesses have more than a million dollars in revenue.
It's a huge percentage.
Small businesses that have over a million dollars in revenue just over 70% of small businesses -- -- a large percentage and the reality is that those businesses are considered small.
But we're thinking about talking about Amazon.
Where the larger businesses and and they don't realize -- small businesses often make a -- million.
Do you -- does not make a huge business.
Yeah this is like the two bullies it in the playground at school teaming up together when you have Wal-Mart supporting this tax.
And Amazon and online are supporting the fact -- it turns -- has a business that helps other online businesses collect sales taxes so I guess both of those companies.
Hard -- in their own -- right Debra.
That's right and really what we're talking about is the smaller businesses that are going to be hit with the -- says.
When there are -- having enough.
-- basic filings and just getting customers in the door now we're asking them to pay huge -- it.
And what we're hearing is that businesses are concerns.
-- -- while businesses are helping grow the economy.
Oh that's where the difference is going to be our getting there is still much to -- -- -- today Deborah Sweeney to good point of view we appreciate it.
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