I'm opening an online store, do i have to pay state or government taxes?

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I'm opening an online store, do i have to pay state or government taxes?

2007-02-06 20:07:00 · 3 answers · asked by Gabriel 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

You only pay state taxes if you ship within your state. You have to pay federal income tax on all your sales.

2007-02-06 20:09:36 · answer #1 · answered by martin h 6 · 0⤊ 0⤋

Yes, you'll pay state income tax in your home state on all of your earnings. You must collect and render state sales taxes for all in-state sales. Of course, you'll pay Federal income tax on all of your earnings as well.

2007-02-07 06:36:06 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋

Of course you do...

2007-02-07 04:09:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋