Comment: Re:Shocking! (Score 1) 609
And with who's money would the government pay for it?
Comment: Re:bollocks (Score 1) 678
I didn't sign any social contract.
+ - Internet Sales Tax Vote Today In The US Senate->
Submitted
by
SonicSpike
SonicSpike writes "The US Senate will vote on the national Internet sales tax mandate (ironically named the "Marketplace Fairness Act") around 5:30pm ET today. If passed it will overturn US Supreme Court decision Quill vs North Dakota which prohibits state governments from forcing businesses in other states to collect sales tax."
Link to Original Source
Link to Original Source
+ - US Senate To Vote On Internet Sales Tax Mandate Today->
Submitted
by
SonicSpike
SonicSpike writes "The Senate could vote as early as Thursday on a bill to empower states to require online retailers to collect state and local sales taxes for purchases made over the Internet. Under the bill, the sales taxes would be sent to the states where a shopper lives.
On Wednesday, the bill passed a test vote in the Senate, 74 to 23, with 27 Republicans voting in favor. Senators were trying to work out agreements Thursday on potential amendments and the timing of a final vote."
Link to Original Source
On Wednesday, the bill passed a test vote in the Senate, 74 to 23, with 27 Republicans voting in favor. Senators were trying to work out agreements Thursday on potential amendments and the timing of a final vote."
Link to Original Source
+ - US Senate Poised to Pass Internet Sales Tax Bill->
Submitted
by
SonicSpike
SonicSpike writes "Yesterday, the Senate voted overwhelmingly to allow a vote on 'The Marketplace Fairness Act", which would allow state governments to start forcing online retailers with no physical presence in their states to collect sales tax. The vote will happen this week and the bill will likely pass the upper chamber. Estimates suggest some $11 billion is currently escaping the clutches of state and local tax collectors. The current legislation — which would force all online retailers to comply with variations among the nearly 10,000+ tax jurisdictions in the country — is totally different from earlier attempts to apply simplified taxes to online sales."
Link to Original Source
Link to Original Source
+ - Tweet From Hacked AP Account Causes High Freq Traders to Drop DOW 150 Points->
Submitted
by
Anonymous Coward
An anonymous reader writes "Stocks plunged and recovred within minutes after the hacked AP Twitter account sent out a tweet that indicated that the White House had been the victim of an explosion and that President Obama had been injured. "That goes to show you how algorithms read headlines and create these automatic orders – you don't even have time to react as a human being""
Link to Original Source
Link to Original Source
+ - AP twitter account hacked->
Submitted
by
behemoth64
behemoth64 writes "Social media and the stock market went wild, briefly, on Tuesday when this (hacked) Associated Press tweet appeared around 1 p.m.: "Breaking: Two Explosions in the White House and Barack Obama is injured."
The AP took down its Twitter account and quickly announced it had been hacked."
Link to Original Source
The AP took down its Twitter account and quickly announced it had been hacked."
Link to Original Source
+ - US Senate passes national Internet sales tax mandate->
Submitted
by
SonicSpike
SonicSpike writes "The U.S. Senate has overwhelmingly passed a nonbinding proposal to allow states to collect sales tax on Internet sellers that have no presence within their borders.
The proposal was an amendment to a 2014 budget bill that the Senate debated Friday. It was pushed by Senators Mike Enzi, a Wyoming Republican, and Dick Durbin, an Illinois Democrat, and was designed to give backers a sense of whether they had enough votes to push forward with final legislation to impose an Internet sales tax.
The vote showed they have plenty of backing to overcome any filibuster seeking to block a final sales tax bill."
Link to Original Source
The proposal was an amendment to a 2014 budget bill that the Senate debated Friday. It was pushed by Senators Mike Enzi, a Wyoming Republican, and Dick Durbin, an Illinois Democrat, and was designed to give backers a sense of whether they had enough votes to push forward with final legislation to impose an Internet sales tax.
The vote showed they have plenty of backing to overcome any filibuster seeking to block a final sales tax bill."
Link to Original Source
+ - Internet Sales Tax Vote This Week In US Senate->
Submitted
by
SonicSpike
SonicSpike writes "From TFA: "Internet tax supporters are hoping that a vote in the U.S. Senate as early as today will finally give them enough political leverage to require Americans to pay sales taxes when shopping online.
Sens. Mike Enzi (R-Wy.) and Dick Durbin (D-Ill.) are expected to offer an amendment to a Democratic budget resolution this week that, by allowing states to "collect taxes on remote sales," is intended to usher in the first national Internet sales tax.""
Link to Original Source
Sens. Mike Enzi (R-Wy.) and Dick Durbin (D-Ill.) are expected to offer an amendment to a Democratic budget resolution this week that, by allowing states to "collect taxes on remote sales," is intended to usher in the first national Internet sales tax.""
Link to Original Source
+ - Shattered my smart phone glass. Suggestions? 1
Submitted
by
SonicSpike
SonicSpike writes "My brand new smart phone, Galaxy Samsung SIII, fell out of my pocket tonight, hit the concrete, and promptly shattered. Any suggestions on the best course of action? VZ is my carrier."
Comment: Re:The enemy of my enemy (Score 1) 693
Uh no, check his voting record, he's just like his dad, Ron, who didn't care about leadership or Party at all. He votes in accordance with the Constitution.
Comment: Re:Ron Paul's organization trying to kill it (Score 1) 297
A libertarian would say that "all taxation is theft".
Comment: Ron Paul's organization trying to kill it (Score 1) 297
Ron Paul's organization, the Campaign for Liberty, is trying to kill this thing and prevent the national sales tax from being implemented:
http://dailycaller.com/2013/02/15/the-national-internet-tax-mandate-must-be-stopped/
+ - Senators Try To Tax The Internet (National Internet Tax Mandate Act)->
Submitted
by
SonicSpike
SonicSpike writes "The first shot was fired on Thursday, when Senator Mike Enzi (R-WY) and Lamar Alexander (R-TN) introduced the National Internet Tax Mandate Act, S. 336, legislation allowing state governments to force online retailers to moonlight as state tax collectors.
Under current law, as established by the Supreme Court case of Quill Corporation v. North Dakota, businesses that do not have a “physical presence” in a state cannot be forced to collect that state’s sales tax. This protects online businesses from having to incur the costs of acting as a tax collector for all 50 states, and it prevents companies from having to pay taxes to a state government where they have no representation.
The National Internet Tax Mandate would require every business in the country to know the details of each state and locality’s sales tax laws, thus creating a different pricing structure for each customer depending on where they live. Companies would then have to figure out how much tax they owe each state and locality and send the corresponding payments. While this may be a boon for tax accountants, the reality is compliance with this new National Internet Tax Mandate will be quite costly, with those costs being passed on to the consumer in the form of higher prices."
Link to Original Source
Under current law, as established by the Supreme Court case of Quill Corporation v. North Dakota, businesses that do not have a “physical presence” in a state cannot be forced to collect that state’s sales tax. This protects online businesses from having to incur the costs of acting as a tax collector for all 50 states, and it prevents companies from having to pay taxes to a state government where they have no representation.
The National Internet Tax Mandate would require every business in the country to know the details of each state and locality’s sales tax laws, thus creating a different pricing structure for each customer depending on where they live. Companies would then have to figure out how much tax they owe each state and locality and send the corresponding payments. While this may be a boon for tax accountants, the reality is compliance with this new National Internet Tax Mandate will be quite costly, with those costs being passed on to the consumer in the form of higher prices."
Link to Original Source
+ - MP3 files written as DNA with storage density of 2.2 petabytes per gram->
Submitted
by
SonicSpike
SonicSpike writes "People have started experimenting with putting binary data in biological form. Now, a new study has confirmed the flexibility of the approach by encoding everything from an MP3 to the decoding algorithm into fragments of DNA. The cost analysis done by the authors suggest that the technology may soon be suitable for decade-scale storage, provided current trends continue."
Link to Original Source
Link to Original Source