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To: PeterPrinciple
If you wanted to compute the numbers. Let's see, 34 billion X 4 qtrs = $136 Billion at 6% but much higher for most states is how much?

Anyone interested now?

From Wikipedia:

As the amount of e-commerce sales continues to rise (34 billion dollars for just the second quarter of 2008)[3] states recognize that the key to collecting these taxes rests not only in educating the individual taxpayer but with coordinating their efforts



9 posted on 09/17/2010 6:47:34 AM PDT by PeterPrinciple ( Seeking the truth here folks.)
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To: PeterPrinciple

I am going to bump this. The states have just been handed the keys to $8 billion of tax increases, courtesy of the health care bill. And we have been worried about the federal government.

Anything you buy out of state with your credit card will now be subject to your local sales/use tax.


14 posted on 09/18/2010 9:20:11 AM PDT by PeterPrinciple ( Seeking the truth here folks.)
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