It’s time for another tax grab by the government.
On Thursday, the U.S. Supreme Court ruled that states have the authority to mandate online retailers to collect sales taxes, which could potentially be billions of dollars worth of revenues for cash-strapped governments.
In a 5-4 ruling, justices overturned a 1992 ruling that prevented states from forcing companies without a “physical presence” in that state to collect sales taxes.
The case was brought up from a 2016 South Dakota law that mandated large out-of-state online companies to recieve sales taxes from businesses. A plethora of ecommerce names attempted to fight the law that could generate $50 million per year of extra revenue for The Mount Rushmore State.
Although this is a huge ruling by the Supreme Court, state legislatures will still need to submit and pass legislation before getting their greedy hands on more taxes. But these types of bills will likely pass without a fight.
President Donald Trump and his administration have supported states that want to collect online sales taxes.
Bad news for freedom.
“Bad news for freedom”. I do not think so, If you do not want to pay state sales tax do not live in a state that charges sales tax.
Alaska, Delaware, Montana, New Hampshire and Oregon do not have a statewide sales tax. That is why I live in Montana, my retirement income goes much further here.
I too do not believe this is a bad ruling. Why should we charge the brick and mortar businesses that provide jobs in our home communities and allow the internet based businesses a free ride? Are we trying to put our neighbors out of business?