|
Walk into most retailers in the country and your receipt will show how much you paid in sales tax on your purchase. Order the same product online, and in many cases, it’s gone.
Supporters of the Marketplace Fairness Act, including co-sponsor U.S. Sen. Ben Cardin, D-Md., say that this disappearing act is only taking money out the pockets of retailers with a physical presence.
Improved Internet tax law, said Cardin, would’ve helped Maryland capture $375 million in revenue, enough to solve the doomsday budget crisis in Annapolis and eliminate the need for the special session of the legislature.
War is peace. Freedom is slavery. Ignorance is strength.
Internet sales are already taxed, they are just not collected by the Internet stores at time of purchase. Consumers are supposed to pay sales tax to their local sales taxing authorities.
Ich bin ein Blind Squirrel
War is peace. Freedom is slavery. Ignorance is strength.
formerly known on the ‘Duck’ as spirit of the elder & BJGoodwin
the great thing about consumption taxes as opposed to other types of taxes is that they are easy to avoid!
Ich bin ein Blind Squirrel
Next entry: Open Thread - June 1, 2012
Previous entry: Google spends more than $9 million on top-level domains