Posted on 06/30/2011 5:26:00 AM PDT by mort56
Gov. Jerry Brown has signed into law California’s tax on Internet sales through affiliate advertising which will immediately cut small-business website revenue 20% to 30%, experts say.
The bill, AB 28X, takes effect immediately. The state Board of Equalization says the tax will raise $200 million a year, but critics claim it will raise nothing because online retailers will end their affiliate programs rather than collect the tax.
Amazon has already emailed its termination of its affiliate advertising program with 25,000 websites
(Excerpt) Read more at jan.ocregister.com ...
How long before a class action lawsuit against Amazon is filed on behalf of the former CA affiliates?
Maybe Amazon believes in free enterprise vice state enterprise?
“Perfect demonstration of the concept of a “Zero Sum Game” - the Equalization Board was smoking some serious weed when they made their revenue projection.”
This will not be a “zero sum game” as hundreds of those affiliates move out of state to continue their revenue streams from Amazon. The state will lose hundreds or thousands of jobs and the tax revenues derived from those folks...and the places those people shop will suffer from lower spending by the unemployed or relocated former employees affected by the companies who relocate...no, this is a net loss for California, it may take a year or two to see it...but it is without doubt going to cost the state in tax revenue and prospects of economic growth.
I thought the exact same thing when I read it. I thought it was a misprint but no - http://www.boe.ca.gov/
Same deal for me here in north Idaho. I drive to Spokane every day, but I refuse to buy fuel in Washington state. On the average, it's $.10 / gallon higher there due to taxes. F 'em.
And, magically, the new budget becomes UNBALANCED and everybody gets paid!
Sure hope NewEgg opens a Texas office :-(
Yes.
What's weird is that he's starting to argue like a liberal, talking over the other person, making snide little personal attacks and then making the big lie and just shrugging it off.
Either his personal life is in shambles, his kid has twisted off or he needs acting jobs is the only way I can figure out what happened to this guy.
/sarcasm
Is there any doubt, that as federal and state governments start seeing more companies flee rather than pay obscenely high taxes, some brilliant Democrat will propose a law to prevent companies from "escaping?"
Everyone should do it. It’s worked so well for us in California. /s
I abandonded Caltanic in 2001 to Reno....not looking any better here...LOL!
Yeah, I caught Stein’s act on the BOR show last night, Ingraham was sitting in so I watched the show for a change, and he did not blink when she said OK, so we raise the income taxes to confiscatory levels and that means we get 900+billion in tax revenue (extortion). He said yeah, we have to do it. Must be something in the water there in Ca. I wonder if he thought what would happen if they raised the tax to 100% to state income tax receipts? Do they go down or do they send a bill for the extra 15% of income over and above all of it sent to the G?
Unfortunately this deficit debate is not going to end well. Either the US will lose 10% in GDP by only spending what comes in or the dems position to raise taxes and doing little on entitlements wins out. There is a full court press on the latter in the press, political ads and from the senate dems in lockstep with the mistake in the whitehouse.
To some of us Orwell's books were warnings. To others they were blueprints.
“all they have to do is stop giving free stuff to illegals and their budget problem is almost solved.”
We know this. We even voted for just this. And it was ruled “unconstitutional.”
Lots of untaxed commerce on the internet. That attracts tax hungry politicians.
is that your quote? If so well done!
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