CNN Money is reporting that tax on online sales might be sooner than we think. For years if you bought online or via a catalogue you didn’t pay tax. I think the LAW is that you would figure your own tax and pay it, but merchants never enforced it. Of course if you buy from etailer X and live in etailer X’s state – then you do get taxed.
However, many states, 20 are increasingly wanting tax revenue from online sales.
“It’s a lot of money that’s not being collected and states are starting to do what they can to collect it,” said Alysoun McLaughlin of the National Association of Counties.
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