We’ll surf through crowds to get our hands on the newest flatscreen tv.
Like most Americans, we rush to get deals on Black Friday, or even better Cyber Monday. However, taxpayers rely heavily on Cyber Monday to buy the items they have on their wishlist because if an online retailer doesn’t have a physical presence in our state, we’re not required to pay any sales tax.
Nonetheless, consumers might notice a difference in the amount in their sales tax (depending on where they live) because of a Supreme Court ruling passed in June 2018.
E-commerce retailers are now required to collect sales tax from online purchases.
Prior to this, online retailers did not have to collect sales tax if they did not have a physical presence in your specific state. (more…)