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Senate Passes Internet Sales Tax

You can't be serious Wrote: May 06, 2013 9:14 PM
More tax? Fewer purchases for me. Plain and simple. Bring it on, congress.
Drifter33 Wrote: May 06, 2013 9:18 PM
Let's see what the internet sales providers say once their sales numbers plummet.

The so-called "Marketplace Fairness Act" passed the Senate today on a 69-27 vote, meaning that businesses with more than $1 million in sales will be subjected to tax collection laws no matter where they're located in the United States. The bill would give state governments the blessing to collect tax on retailers across state lines.

Andrew Moylan of the R Street Institute ran down some of the major problems with the bill and detailed some of the straw men arguments used by the tax legislation's proponents:

MFA would close a tax “loophole” - Supporters often say that...