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SCOTUS gives green light for state taxes to be charged on internet purchases

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eelstrebor1:
Nebraska law already requires that we report our internet purchases when filing the state income tax return but few do. Anyway, I found Gov. Ricketts comments about this SCOTUS ruling to be interesting. He said that one of the reasons why property taxes are so high is due to declining sales tax revenue due to people not reporting out-of-state internet purchases and because internet businesses aren't required to withhold state tax unless they have a brick-and-mortar presence in Nebraska. So, with the SCOTUS ruling I'm expecting my property taxes to drop. Realistically, that's not likely to happen. Even if property taxes drop with increased sales tax revenue, that just means that our net gain would be at or near zero. So, it doesn't really matter if we report our internet purchases or whether they collect the taxes through the vendor, we won't be any better off if the property taxes drop. Even renters pay property tax as a hidden amount in their rent payments. Does anyone really expect landlords to drop the amount of rent if property taxes drop? Not likely. Obviously, I'm a pessimist (or realist?). My friends in Wyoming are shocked at how much higher our property taxes are in comparison to property taxes on a similar size structure in Wyoming. I should seriously consider moving since it would be easier to do now that my house mortgage is paid off and I'm retired. Too bad I don't really own my house though. It would be nice if property taxes were waived after the house was paid off and when you're a retiree. I could use that money for medical/dental/eyecare insurance.

GreyGeek:
I don't expect any politician to lower any kind of tax regardless of any new tax revenues.  Spending it gives them too much power and many use spending taxes on "protected classes" as a way to buy their vote.

IMO, it is a conflict of interest to be a welfare recipient and also have the right to vote on continuing or increasing those benefits.  Folks on welfare rolls should not be allowed to vote until they become self-supporting for the year previous to any election, proven by pay stubs.

LJUnaTIC:
You can get some or all of your property taxes waived if you are over 65 and your homes assessed value is inline with county averages and your income meets the limits.

Check out the Homestead Exemption


And as far as taxation without representation is concerned I think we fought a war over that a while back and the Supremes have suffered some memory loss

GreyGeek:

--- Quote from: LJUnaTIC on June 23, 2018, 06:07:09 PM ---You can get some or all of your property taxes waived if you are over 65 and your homes assessed value is inline with county averages and your income meets the limits.

Check out the Homestead Exemption


And as far as taxation without representation is concerned I think we fought a war over that a while back and the Supremes have suffered some memory loss

--- End quote ---

Yup.  I wrote and supported that software for nearly 10 years while I was a programmer at the Dept of Revenue, but I retired 10 years ago.   The information to see if you qualify for a homestead exemption is here: http://www.revenue.nebraska.gov/info/96-299.pdf

The home page and general information is here:
http://www.revenue.nebraska.gov/PAD/homestead.html.

Les:
This state is and will continue to be a quagmire (No Family Guy reference)  :laugh: for taxes until our vaunted Unicameral decides to quit funding public education off the backs of property owners.  I honestly don't see a reason to retire here.  Northwest Mizzura is way better tax wise, that is if you still have family in "The Good Life State" 

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