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Senate to vote on bill to end sales-tax exemption on Internet commerce

 
Anonymous Coward
User ID: 23554071
United States
04/22/2013 12:34 PM
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Senate to vote on bill to end sales-tax exemption on Internet commerce
Just when you thought you could save a buck by shopping online, the government is reaching deeper into your pocket for more of your dwindling cash. And it's a Republican who is sponsoring the bill in the Senate.

Snippet:
"The Senate may act to raise taxes today, and barely anyone knows about the effort. A bill that would allow all states to collect sales taxes on Internet purchasers by their residents may get a floor vote today:

The days of tax-free online shopping could finally be numbered.

The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. …

The bill introduced by Sen. Mike Enzi (R-Wyo.), called the Marketplace Fairness Act, would grant all states the power to collect taxes from out-of-state vendors selling goods to their residents.

“Legally owed”? Yes, actually that’s true. If you buy tax-free goods, you are supposed to declare them on your annual tax return, but states don’t bother to enforce that — because it would be impossible to do so. The exemption on collection was created by Congress on interstate sales for the purpose of encouraging Internet investment and expansion, which shows that no one really expected states to ever collect those taxes, at least not at the time."

More here: [link to hotair.com]
AtsuiPanda

User ID: 16510251
United States
04/22/2013 12:39 PM
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Re: Senate to vote on bill to end sales-tax exemption on Internet commerce
z.z...
:/sdfhasdfshasd/:
Those who live by the sword die by the sword, those who don't live by the sword are subject to those who do.
Anonymous Coward
User ID: 1310640
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04/22/2013 12:46 PM
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Re: Senate to vote on bill to end sales-tax exemption on Internet commerce
Remember, if youre convicted of tax evasion you lose everything.
Hell of a plan.





GLP