Wednesday July 18, 2012

Online Sales Tax For All Inches Closer To Reality

Damn, not this again. I think most people would die of shock if, instead of raising taxes, the government (federal, state and local ) learned to live within their means. You know, kinda like the rest of us have to.

Online retailers raked in around $200 billion in sales in the U.S. last year. But it should be noted that sales tax was collected on some of these sales, as many of the largest e-tail sites are operated by bricks-and-mortar retailers. And some of that $200 billion came from items that some states don't consider taxable -- like clothing and unprepared food or prescription drugs -- regardless of whether it's sold online or in a store.