Taxes: Whatever you think about the issue of taxing internet sales, the simple fact is that the Supreme Court has just guaranteed that people across the country will now be paying more in state taxes. It’s hard for us to see how this is good news.
In its 5-4 decision on South Dakota v. Wayfair, the court overturned two previous rulings that prevented states from taxing sales of out-of-state companies. That meant a catalog company based in Maine didn’t have to navigate 45 state sales-tax laws to figure out how much each customer owed, and then remit that money to the right states.
Brick-and-mortar stores have been trying to lift this ban for decades, because, they say, it unfairly tilts the playing field in favor of catalog and online retailers. According to the Government Accountability Office, this break cost states up to Continue reading
by Phil Kerpen • American Commitment
Since 1998 it has been prohibited by federal law for states and localities to tax Internet access. This policy, known as the Internet Tax Freedom Act, has been extended three times with broad bipartisan support. But it is set to expire again on November 1, and some Senate Democrats appear willing, this time, to allow it to actually expire if they can’t use it to leverage an unrelated tax issue. It’s a dangerous game that could cost taxpayers billions of dollars and worsen the digital divide by pricing some lower income Americans off of the Internet entirely.
The House, led by Judiciary Committee Chairman Bob Goodlatte of Virginia, passed a bill last month to make the ban on Internet access taxes permanent. Continue reading
Politicians have fantasies. Not Woody Allen “normal” fantasies about Swedish stewardesses.
No. Politicians fantasize about being able to raise taxes on people who cannot vote against them in future elections. Ancient Rome funded itself by looting the provinces. This worked for a while. Well, it worked for Roman citizens anyway.
Here in the good old USA politicians think they have finally found this Holy Grail, this alchemist’s secret… how to tax those who cannot defend themselves. Continue reading