May 6th, 2013
07:10 PM ET
10 years ago
Senate approves Internet sales tax proposal
New York (CNNMoney) - The Senate approved a long-anticipated Internet sales tax proposal on Monday, moving the legislation one step closer to enactment and paving the way for shoppers to pay sales tax on the majority of online purchases.
The so-called Marketplace Fairness Act would allow the 45 states (and the District of Columbia) that currently charge sales taxes to require large online retailers to collect tax on purchases made by their residents. The law would only apply to online sellers that have sales of at least $1 million in states where they don't have physical operations, like a store or a warehouse.
FULL STORY
From CNN Politics
- Lawmakers reluctant to pursue gun control measures following Nashville school shooting
- 10 Cards Charging 0% Interest Until 2024
- DeSantis plans to travel to Jerusalem as tumult strains Netanyahu-Biden relationship
- Harris faces painful Black history in emotional slave outpost visit
- Kentucky law aimed at increasing parental oversight in education takes effect
- New York grand jury won't hear Trump case again this week
Well, this is one way to help solve state budget woes, I guess. I'd prefer legalizing certain drugs like pot and then taxing them, but whatever.
republicans support tax,it must be on the middle class
Flat Tax !
Thanks again for punching the little guy. I am pretty sure these fools in congress have people buying stuff for them during working hours. Follow any of their "staff" of interns.
I think you need to dig deeper into this new sales tax online, before you give it a thumbs up! When we go out into the public and pay sales taxes it's pretty much on everything. At least we know who we are buying our products from and get to physically see the products. Before you start making us pay online sales tax, please make sure that all of the online businesses are legitimate, as well as the products.
There are businesses that don't have physical addresses, phone numbers ect....These businesses need to get a permit ect.. They need to be doing exactly what every business out in the public is doing in order to open a business. Your goal is to collect more money, then start collecting all of it! This is money that could be used to help fund the extra police forces needed to protect our schools, colleges ect...
It should be for all sale on the Internet. Get a back bone people. This tax will affect me as well as everyone else, but fare is fare. If you tax one tax all.