Ok when I tried to read it last night there were champagne corks popping and stupidity everywhere. Now, the next morning, I can actually read what Zolnerowich said. The $100k limitation isn’t in there, so Gator you must have access to something more. Is this a federal tax thing? Anyway, if you have to sell over $100k in a single state before the taxes apply, that’s not going to directly affect too many of us. I think it’ll affect auction houses in a big way. They are going to have to find a way to pass it along to us, or they are in trouble.
On the state tax front, from what I have read, there are currently only a handful of states that have adopted rules to collect state and local sales taxes on internet purchases made from out-of-state sellers who do not have a physical bricks-and-mortar presence in the buyer’s state. That will change, I predict. All 50 states will have their hands out soon enough.