FTC Proposes 5% Tax On "Consumer Electronics"

• BobYoMeowMeow wrote on 2010-06-04 05:02
  [Image: 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 wrote on 2010-06-04 05:04
  5% on like a $500 iPad would be $25.....
  Aren't electronics expensive enough :\
• Cucurbita wrote on 2010-06-04 06:19
  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 wrote on 2010-06-04 08:17

  Quote from Margatroid;54353:

  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 wrote on 2010-06-04 14:06
  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 wrote on 2010-06-04 16:12
  I'm going to keep updated.
  Buy my stuff BEFORE the tax is fully placed.
• Hiccup wrote on 2010-06-04 20:36
  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 wrote on 2010-06-04 20:38

  Quote from bradstrt;54616:

  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 wrote on 2010-06-04 20:41
  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 wrote on 2010-06-04 21:06
  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 wrote on 2010-06-04 22:01
  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 wrote on 2010-06-04 22:10
  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 wrote on 2010-06-04 22:14
  Imagine this over where I live, our sales tax is 15%. Horrible enough as it is, 100$ costs you 115$ instead.
• Hiccup wrote on 2010-06-04 22:17

  Quote from BobYoMeowMeow;54617:

  No one lives in Delaware

  
  
  besides the point. I live in PA and Delaware is only 45 mins away so...
• Beepuke wrote on 2010-06-04 22:19

  Quote from Osayidan;54705:

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

  
  
  Move. NOW. D: