Monday, November 30, 2009

California Looks for $1B in Cyber Monday Taxes

Let me tell you how it will be;
There's one for you, nineteen for me.
'Cause I?m the taxman,
Yeah, I?m the taxman.

Should five per cent appear too small,
Be thankful I don't take it all.
'Cause I?m the taxman,
Yeah, I?m the taxman.

(if you drive a car, car;) - I?ll tax the street;
(if you try to sit, sit;) - I?ll tax your seat;
(if you get too cold, cold;) - I?ll tax the heat;
(if you take a walk, walk;) - I'll tax your feet.

-The Beatles

On Cyber Monday, Betty Yee, head of California’s Board of Equalization, told people in her state to keep receipts from their online shopping because they may owe taxes on those purchases.

“The consumer is required to pay use tax when the out-of-state retailer does not collect sales tax,” said a statement from Yee’s office.

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