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Internet sales tax

Michael Silence reports that the effort to tax internet sales has been slowed by opposition. Good. The article:

Plans to allow states such as Tennessee tax Internet sales are still a long way off – good news for online shoppers but bad news for a state losing billions in sales taxes.

They’re not losing money. It’s money that was never earned. Some stats:

In Tennessee alone, nearly $500 million is not collected each year in sales taxes on Internet shopping. That’s almost enough to cover a shortfall in the state’s expanded Medicaid program, which the governor has proposed cutting by 323,000 people.

Across the country, more than $21 billion in sales tax is not being collected, according to a University of Tennessee study.

When the Supreme Court decided 13 years ago to exempt mail-order businesses from the tangled web of various state and local tax codes, no one envisioned Internet commerce exceeding $1 trillion.

I see mentioning TennCare and taxes in the same sentence has started early this year.

4 Responses to “Internet sales tax”

  1. cube Says:

    The argument that taxes could be easily collected, because the technology is there has not come up. I wonder if it will.

    Though I do not see this law chaning for sometime because of the supreme court decsion.

  2. Chris Says:

    The article implies that the Supreme Court should undertake an economic impact assessment before it rules on the constitutionality of a law.

    Pretty pathetic.

  3. _Jon Says:

    MSM uses the same phrasing for “losing … taxes” as they do for “assault weapons” – the wrong phrasing….

  4. Manish Says:

    I think its a matter of fairness…local retailers are priced higher than online retailers due to the local ones having to charge tax.

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