Colorado Use Tax

[NFATrustGuy]

So is this going to be crosschecked and verified like the Feds handle 1099’s? The way I understand it, if someone sends me a 1099, they also send the Feds a copy of my 1099. The IRS then verifies that I’ve accounted for the 1099 on my taxes.

If XYZ Retailer sends me a notice saying I’ve spent $100 in 2017, will Colorado be verifying that I report that purchase and pay my taxes on the purchase? Also, I’m too lazy to look it up right now... is the tax rate 3%-ish.

[brutal]

Hopefully palmeto state and midway doesn't comply. Time to repeal the use tax. It makes no sense since the tax does not support the infrastructure of the selling business. Roads already supported by gas tax and p.o. is self sufficient..

Who says the ammo I buy is going to be used in Colorado?

F*** them.

[Great-Kazoo]

Well, more Colifornia. The amount of money the state and everyone down the line wants is crazy. My Property taxes went up 30 percent. That was based on a valuation from 2016. I can only imagine what next year will be. I heard a bit on the radio about Colorado tying to stop the military retirees from leaving. Colorado is turning into an expensive hassle. My guess is it cost them almost as much to enforce this as they make in revenue.

The same people who are against building a wall, want to prevent U.S. citizens , our military no less, from leaving.


As for on line retailers charging tax. I believe it's part of the states unspoken extortion plan. Want to do business or consider relocating here, charge Colorado residents tax. Or there will be no tax incentive package available when you do.

Amazon never charged tax, till they considered CO as a potential move

[kidicarus13]

Also, I’m too lazy to look it up right now... is the tax rate 3%-ish.

Long explanation short... it's based on what county you live in.

[CS1983]

The only way to stop this at the election level is for people to understand what money is: a fungible proxy for a man's time and labor.

When they stop viewing money as some thing unto itself and realize that every tax dollar is a % of time they literally worked as an indentured servant, there will be some semblance of hope to change things.

[Zundfolge]

Amazon never charged tax, till they considered CO as a potential move

Actually Amazon has been charging Colorado tax for some time now because they have a physical presence here (a warehouse in Aurora I believe).

Now that only applies to stuff you buy on Amazon FROM Amazon, not stuff you buy through third party vendors. The company I work for sells stuff through Amazon and I don't think we've been collecting sales tax on any of it.

[Skip]

So is this going to be crosschecked and verified like the Feds handle 1099’s? The way I understand it, if someone sends me a 1099, they also send the Feds a copy of my 1099. The IRS then verifies that I’ve accounted for the 1099 on my taxes.

If XYZ Retailer sends me a notice saying I’ve spent $100 in 2017, will Colorado be verifying that I report that purchase and pay my taxes on the purchase? Also, I’m too lazy to look it up right now... is the tax rate 3%-ish.

(Not a tax professional)

My understanding is they are voluntarily reporting sales to the state to avoid litigation. This is the game they played with Amazon; report or we go to court. There isn't an official reporting mechanism/form. So the larger the dollars the more likely the enforcement.

I don't think any state has won such a lawsuit because these retailers don't have nexus in our state. And shipping to customers in the state hasn't been a means to impose nexus. No one wants to find out which way that would go. The trend has been to decrease state autonomy when it suits Libs and increase it subjectively for the same reason. CO can't enforce it's own marriage laws but can cross state lines and impose nexus on companies in other states?!?

After this threat, Amazon agreed to open a fulfillment center in Aurora, with some huge tax breaks (of course).

The retailers sending our purchase data to the state costs them nothing and transfers the burden onto us. The state can then beat us up for it. Retailer is off the hook.

[Eric P]

What the problem is, is all the dummies that voluntarily comply with this law. How else would the state know that XYZ company in another state shipped goods to Colorado? They wouldn't. Colorado has no right to demand records from out of state companies. They have no way of enforcing this law except when information is volunteered.

Also what would happen, if say you use pre-pay cards or fake names to order stuff online.

fvck I dislike this solid blue state more & more

[crays]

Quick question, because I truly don't remember:

Are Gift Cards taxable?

I know that if I redeem a gift card, I will be taxed on the merch I buy (if taxable), but I don't think the purchase of the gift card is.

All this is directed at the above post regarding "anonymous"/guest purchases using prepaid debit/credit vehicles. Some merchants do not allow their use.

[Rumline]

Yeah I bought a bunch from Newegg and got the letter. The whole reason I chose them was to avoid sales tax. Now I will happily take my business back to Amazon.

Long explanation short... it's based on what county you live in.

So to make a long story long, is it just the county sales tax rate? Or do they calculate based on your actual address? Or is it some other arbitrary amount? I live in unincorporated El Paso County so I better not get charged the COS 8.25% rate.