There is a bill being discussed in Congress right now that may open the door for higher taxes. And it is a good idea. Wow, you probably never thought you'd hear that from me, but it is true. The bill I am speaking of would give states the right to tax on-line sales taxes. If you're like me, you have continually increased your on-line purchases over the past few years. There is a lot of appeal to purchasing on-line, you can get hard-to-find items and you can save the sales tax in most cases. And that can make a big difference when you purchase big ticket items. But when we buy on-line we, many times, bypass the local brick and mortar retailer to save the tax and perhaps get a better price. This proposed law will give states the right to tax on-line purchases made in their state and it is some real money. Estimates put the tax that would be eligible to be collected at a robust 23-billion. That is 23—billion going into state coffers and in this day of lean state budgets, everything will help. It ultimately evens the playing field for small business owners and other retailers helping them compete with on-line retailers. Our state certainly needs the money and this bill will help preserve business for retailers right here in east Texas. It is tough to say but we need to tax on-line purchases. It will help our local and state economy and will make for a Better East Texas.
Monday, September 1 2014 2:00 AM EDT2014-09-01 06:00:48 GMT
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