At a time when numerous states teeter on insolvency due to budgetary woes, they're ignoring a pile of money sitting right in front of them. Although most states charge a sales tax as one of their sources of revenue, few aggressively pursue sales tax from online commerce. Why aren't they more interested in cashing in on this growing method of shopping?
First, just how much money is at stake? Last year, e-commerce spending was $142 billion, according to comScore. The amount of shopping and sales tax rates both differ by state. But for simplicity, if you assume that the average state sales tax is somewhere around 5%, then that would be around $7 billion states gave up. This isn't going to solve all of their budgetary problems, but it certainly would help.
Answer by ILovemyPaulie at 2:38 PM on Apr. 6, 2011
Answer by twinsplus2more at 2:45 PM on Apr. 6, 2011
Answer by charlotsomtimes at 2:51 PM on Apr. 6, 2011
Answer by JulieJacobKyle at 2:38 PM on Apr. 6, 2011
Answer by kenzie07 at 2:50 PM on Apr. 6, 2011
Answer by vicesix at 3:17 PM on Apr. 6, 2011
Next question overall
So i just heard that corporal (sp?) punishment is still legal in half of the...