MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
It sounds like one of those crazy rumors you get in an e-mail from a friend: "Did you hear? They're going to tax the Internet!" Only this time, it's true.
For years, brick-and-mortar stores were at an incredible disadvantage to online retailers that could offer tax-free shopping. If you are a fair-minded person, it's hard to muster an argument that this situation — in which online shoppers enjoy a 5 percent to 10 percent "discount" because they point and click instead of drive or walk — was anything but unfair.
On the other hand, despite all the word games being played by all the interested parties — the Senate version of the legislation is called the "Marketplace Fairness Act" — there is only one way to describe why your online shopping bill is about to go up: a new tax.
Interesting and informative report on what the near future likely holds for on-line shoppers.