It's kind of a double edged sword. If it goes through, some states could I suppose be hurt if all of the sudden online purchases slow down because the price differential won't be advantageous anymore. If that happens, and you have a company in your state that loses a lot of online business, their profits will fall and all of the sudden their contributions to the state via corporate income tax will fall as well. The 64k question in this case would be would those lower corporate income taxes be offset by the increases in sales tax revenue. No way to tell at this point, but it could turn into a situation of "be careful what you ask for."
Sneaky new internet tax pushing through fast
(very sorry mods, please leave it up for aminute
Call your reps!!
For those of us that buy or sell anything online and don't want to be audited by 50 states plus, please take notice to the new internet sales tax that is going through fast right now!! Spread the word, call your congressman, this will put all small vendors out of business most likely, don't let it happen guys!!
Call your reps!!
For those of us that buy or sell anything online and don't want to be audited by 50 states plus, please take notice to the new internet sales tax that is going through fast right now!! Spread the word, call your congressman, this will put all small vendors out of business most likely, don't let it happen guys!!