Taxes, what a complex subject. There's so many variables. That could also be a description of the internet and all endless viable information. Obviously something needs to be worked out between the "Tax Grabbers" and the "Internet Sellers to reach a medium of some sort. Mark Weisbrot, co-director of the Center for Economic and Policy Research states "There’s no need to give e-commerce a 4 percent to 9 percent advantage to ship from across the country and use more packaging and delivery services. They can compete on the same terms as everyone else and stop draining badly needed revenue from our state and local governments." His credentials alone speak to the effect that he is highly informed on the e-commerce tax issues. Yet I recall quite a few highly educated people to mind that I don't subsribe to. I'm not into playing the name game so I'll leave it at that.
Kristina Rasmussen, director of government affairs for the National Taxpayers Union caries a lot of weight with her job title as well. Kristina says "Online consumers can and do make the right choice to pay their use taxes at filing time. However, taxpayers should oppose any scheme that would make life easier for the Tax Man in exchange for higher-priced consumer goods or increased tax rates." Bottom line is that they both have good points. Which ones are more relevent to our current economic situation? Undoubtedly, at least for me I side with Mark. All the millions and millions of internet users transactions of commerce. Just with the little knowledge that I retain about internet economy I remember big numbers. And everyone knows that they will only get bigger, it's not like the internet is on the down side of its erra. I've never met a poor e-commerce guy, and the ones I know personally do very well running relatively small time retail buisnesses. Let's rake those taxes in and get some good legislation behind its role in our America.
Wednesday, July 2, 2008
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