FTC Proposes 5% Tax On "Consumer Electronics"

[BobYoMeowMeow]

http://cache.gawkerassets.com/assets/images/9/2010/06/500x_shakedown.jpg

http://www.ftc.gov/opp/workshops/news/jun15/docs/new-staff-discussion.pdf

Why are they proposing this tax?
to save paper journalism companies
which should be dead already

The Internet is no longer something that would screw up your phone or slow to load webpages

btw
consumer electronics are Xbox, Ps3s, computers, ipads, iphones etc.

[Intex]

5% on like a $500 iPad would be $25.....
Aren't electronics expensive enough :\

[Cucurbita]

Wait what?

General sales tax already applies to electronics.

Its 7.5% here, and I got slammed hard by it.

So what is this? ADDING 5%? Or limiting it to 5%?

Adding 5% is just retarded. Thats not going to make us turn to Newspapers and Journals instead of reading on our phones and devices. The only thing this will do is litter money.

[Forsaken]

Wait what?

General sales tax already applies to electronics.

Its 7.5% here, and I got slammed hard by it.

So what is this? ADDING 5%? Or limiting it to 5%?

Adding 5% is just retarded. Thats not going to make us turn to Newspapers and Journals instead of reading on our phones and devices. The only thing this will do is litter money.

It would look the same way taxes are on alchohol. You pay sales tax, and an additional tax on top of that.

If this gets passed, theres going to be a lot of angry consumers.

[BobYoMeowMeow]

Hopefully it doesn't get passed
electronics are already expensive as they are
and the cat is sure Obama wouldn't want taxes for his black Nintendo Wii.

[Cucurbita]

I'm going to keep updated.
Buy my stuff BEFORE the tax is fully placed.

[Hiccup]

6% Sales tax here already so this would not be good ._. Have to go to Delaware if I want to buy things without any sales tax. D:

[BobYoMeowMeow]

6% Sales tax here already so this would not be good ._. Have to go to Delaware if I want to buy things without any sales tax. D:

No one lives in Delaware

[pkMaster]

Man this is stupid. WTH is the purpose of this tax other than to grab more money. I tell ya, the government is too damn corrupt.
:mad:

[Moppy]

Someone needs to inform them that it's too late to save paper journalism. Society has already adjusted to electronics and this won't do anything.

[Osayidan]

Why save paper journalism? Isn't the government always whining about being green? In case they were unaware electronic reading material doesn't chop down trees.

Also it's too late, any media company who has not adapted to the digital age is screwed and that's too bad for them.

[Beepuke]

Gosh, don't they know basic economics? :( The addition of taxes causes a net loss in supply demand economy, etc. Why bother saving outmoded industries and cut potential profits in sectors that are doing 'well'? This is a consumer and service nation, not a charity for businesses that can't stay afloat by themselves. And man, 5+8.75 new york tax would be killer...

[Osayidan]

Imagine this over where I live, our sales tax is 15%. Horrible enough as it is, 100$ costs you 115$ instead.

[Hiccup]

No one lives in Delaware

besides the point. I live in PA and Delaware is only 45 mins away so...

[Beepuke]

Imagine this over where I live, our sales tax is 15%. Horrible enough as it is, 100$ costs you 115$ instead.

Move. NOW. D:

[BobYoMeowMeow]

Move. NOW. D:

He lives in Canada
the taxes are supposed to be high over there.

[Chockeh]

Imagine this over where I live, our sales tax is 15%. Horrible enough as it is, 100$ costs you 115$ instead.
At the very least, free healthcare :/...
So the tax is 15% huh...

[Intex]

We have a 5% sales tax.
It's not so bad.

[Cucurbita]

Man this is stupid. WTH is the purpose of this tax other than to grab more money. I tell ya, the government is too damn corrupt.
:mad:

Was obviously not reading the rest of the thread. Read what they're trying to do with the money they make.
Though its a retarded idea. They're obviously not whoring the money for themselves.


We have a 5% sales tax.
It's not so bad.

Freaking.

Where do you live? So nice. Thats where I'm going.

[Intex]

I think it's actually a 6% sales tax.
They added 1% at some point and now our generation can never remember x_x

[Arsik]

If you don't like the sales tax in what ever state you live it, move to New Hampshire. No sales tax, or state income tax. 9% tax on what ever food you order from restaurants or on hotel/motel rooms, but no sales or income tax.

[Cucurbita]

If you don't like the sales tax in what ever state you live it, move to New Hampshire. No sales tax, or state income tax. 9% tax on what ever food you order from restaurants or on hotel/motel rooms, but no sales or income tax.

No income tax?

What the hell?

I literally get knocked off 25% from what I earn, just to get knocked off another 7.5% on everything I buy.

Please tell me your minimum wage is like 4 dollars an hour or things are very imba.

What is this, seriously. How does currency in American manage to retain the same value if a dollar in one state is worth so much more than another? What about online orders?

Jesus.

[BobYoMeowMeow]

If you don't like the sales tax in what ever state you live it, move to New Hampshire. No sales tax, or state income tax. 9% tax on what ever food you order from restaurants or on hotel/motel rooms, but no sales or income tax.

Sorry but the cat is near E3 in California

[Arsik]

No income tax?

What the hell?

I literally get knocked off 25% from what I earn, just to get knocked off another 7.5% on everything I buy.

Please tell me your minimum wage is like 4 dollars an hour or things are very imba.

What is this, seriously. How does currency in American manage to retain the same value if a dollar in one state is worth so much more than another? What about online orders?

Jesus.

$7.25 an hour, as mandated by the federal government.

As long as you don't:

invest in stocks (5% of earnings), go gambling excessively or depend on the lottery (10% of winnings), own a business (8.5% if you make more than $50,000, and another .75%), two way communications (7.5%), electricity ($0.00055 per kilowatt hour), tobacco, transfer of real state ($0.75 for every $100), timber (10% of the price of the wood), gravel (for moving more than 1,000 cubic feet), local property and education taxes (varies from town to town), or own a utility company ($6.60 for every $1,000 your utility property is worth).

So long as you don't fall under any of those things (communications and electricity exceptions), you'll be pretty well made with your income.


Sorry but the cat is near E3 in California

Meh, E3 is a little overrated in my opinion. I'll just be like almost everyone else and read about what's going on at E3 on the internet. Plus besides, if I wanted to go to a gaming news conference, I'd much rather go to the Tokyo Game Show than E3.

[Forsaken]

E3 is pretty overrated lol.

I liked it a lot more when it was just -industry- rather than what it has become... Which is basically a showcase for upcoming games. Putting it all in one place is just a huge migraine after the fact, and they use to have a rule that you can't leave and come back (Don't know if they still do), and were charging like $5-6 for water lol.

[BobYoMeowMeow]

E3 is no longer public
it's video game media only.

[Forsaken]

E3 is no longer public
it's video game media only.

Thats what they say, but there are always people from the public there.

[Cucurbita]

invest in stocks (5% of earnings), go gambling excessively or depend on the lottery (10% of winnings), own a business (8.5% if you make more than $50,000, and another .75%), two way communications (7.5%), electricity ($0.00055 per kilowatt hour), tobacco, transfer of real state ($0.75 for every $100), timber (10% of the price of the wood), gravel (for moving more than 1,000 cubic feet), local property and education taxes (varies from town to town), or own a utility company ($6.60 for every $1,000 your utility property is worth).

Thats ridiculous! We charge more tax for ALL those things!

My dad pays 45% income tax!! He loses literally half his money!
I pay 23%! Thats more than a fifth!

And our minimum wage is 7.25 which is what I'm being paid.

This is bs. I quit living in Minnesota.