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How Online 'Marketplace Fairness Act' Could Tax Your 401(k)
OpenMarket.org Link to more items from this source
May 6, 2013
"The bill authorizes states to 'require all sellers not qualifying for the small seller exception [$1 million in sales or less] to collect and remit sales and use taxes with respect to remote sales sourced to that Member State.' Yet 'sellers' and 'sales' are never specifically defined, and there are no specific exemptions for certain types of products or services. Financial experts say this means states [could] tax 'sales' such as stock trades in a mutual fund or brokerage account, or even contributions to pension plans such as 401(k)s that were designed to be tax-free until retirement."

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