Thursday, December 6, 2012

Watch Your Wallet: Last Christmas Without Online Sales Taxes

This is what politicians mean by "closing tax loopholes."

A proposed online sales tax has been offered as an amendment to the National Defense Authorization Act, reports the Daily Caller.

How can anti-tax Republicans justify the tax? Real easy.

Wyoming Sen. Mike Enzi is calling the lack of an online sales tax “the most overlooked tax loophole.”

BTW, it's called, in the ultimate in misleading labeling, the Market Fairness Tax. and is co-sponsored Sens. Dick Durbin and Enzi, who have offered the bill as an amendment to the National Defense Authorization Act.

The bill would allow states to collect sales taxes from internet retailers located in other states, an approach that also has been backed by prominent GOP governors, including Cato favorite Chris Christie.


(ht Travis Holte)

4 comments:

  1. They will strangle all market activity until they hang themselves it seems. One of these generations people will learn, and one of these generations people like me will learn that they won't learn.

    ReplyDelete
  2. Here is an uncomfortable truth:
    This **MAY** be the first constitutional use of the "commerce clause" in our lifetimes!
    My understanding is that the original purpose of the commerce clause was to "make uniform" ("regulate") interstate commerce. That is, to avoid excessive, or irregular tariffs in interstate transactions.
    So I suppose, (God forgive me) that this could mean a uniform tariff across all state lines, i.e. a standard sales tax for all online transactions.
    It also could be seen as a devolving of power back to the states. OMG, a States Rights boon!!!!

    I am now going to take a shower, wash my mouth out with soap, and await comment. (be kind)

    ReplyDelete
  3. The site that is going to get destroyed is eBay. How in the heck are those small merchants going to collect sales tax and file returns in all the locals they sell to? My view is that the big online retailers are pushing this to crush ebay which is a major thorn in their side.

    BTW, I wonder how many will figure out that you can sell and ship most products from an offshore location? I buy parts all the time out of Ireland. With this one retailer I can pay $20 and have it in 2 days or wait 7 days for it to go through the post. No taxes!

    ReplyDelete