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Internet Sales Tax

Posted on in Economics/Politics

Just In Time For The Holidays, Reckless States Are Coming For Your Online Purchases

If there is anything that gets demagogic politicians and pundits riled up, it’s the closing of tax loopholes, and the tax-hike demagogues might just be getting one of their wishes come December. Bloomberg reports that most online consumers will pay sales taxes in some shape or form in the next few months. Currently, consumers pay taxes on goods purchased straight from Amazon, but they can avoid paying taxes on goods if they purchase them through Amazon’s third-party merchants. By the start of December this could all change, as several merchants are expected to start collecting taxes in return for partial… Keep Reading

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