Not much to write about this, but I love how our politicians -- looking to enrich their own bureaucratic fiefdoms -- can call the lack of a tax a "loss".
DENVER - 9News has learned that 43 states have joined together in a coalition to collect sales tax on all Internet purchases.You already pay sales tax when you go online to buy from an established business like Eddie Bauer or Wal-Mart. But a lot of small Internet businesses and individual transactions float under the radar. ...
The states say they've been losing as much as $16 billion annually to the Internet. They say that new software will make collecting the money almost automatic and that they can have a system in place by Oct. 1.
Now, obviously states don't "lose" money by not taxing it -- by that logic, the federal government "loses" 50% of my income by letting me keep it. Our state and federal governments have a spending problem, not a revenue problem.
