No New Taxes

Looks like the internet tax ban is going to stay. This is good. Cato has been particularly informative about how putting sales taxes on internet sales will be crippling to start-ups, who would have to write six millions checks a year to every country, city, municipality and state in which someone bought their products.

The answer to internet taxation, by the way, has been obvious for years. Require every internet company to declare a “home state” and have them charge sales tax based on where they reside. Best thing: it will create tax competition between states.

Comments are closed.