Boba Ben
Super Freak
A new law is going into effect on October 1st that will allow states to force out of state online retailers to collect sales tax from residents who purchase from out of state online retailers. Not all states are set to start collecting on October 1st, but my state, Illinois, is one of them. Apparently, it is expected that all states will start collecting this tax from their residents by the end of the year. Before this ruling, online retailers only had to collect taxes from customers that reside within the same state that the business has a physical presence. For example, if you live in California, Sideshow charges sales tax on purchases through them.
Do you guys think this will have an effect on your personal spending? Now, for example, if I were to purchase a $240 figure from Sideshow, it'd be a 6.5% tax on the figure and with Sideshow shipping at around $20, the total would come to $275.60, so it adds up pretty quickly.
Do you think this might have an effect on the high end collectible market in general? Will Sideshow and other online retailers lose sales and will they do anything to mitigate these losses? Will price increases slow down or will we get more coupons/deals to make up for the tax changes? It's an interesting situation.
Here's an article detailing the new law: https://taxfoundation.org/post-wayfair-options-for-states/
Do you guys think this will have an effect on your personal spending? Now, for example, if I were to purchase a $240 figure from Sideshow, it'd be a 6.5% tax on the figure and with Sideshow shipping at around $20, the total would come to $275.60, so it adds up pretty quickly.
Do you think this might have an effect on the high end collectible market in general? Will Sideshow and other online retailers lose sales and will they do anything to mitigate these losses? Will price increases slow down or will we get more coupons/deals to make up for the tax changes? It's an interesting situation.
Here's an article detailing the new law: https://taxfoundation.org/post-wayfair-options-for-states/
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