Internet Sales Tax

The topic of gross revenue enhancement impose on profits occupation, in the put frontwards of atomic number 20, has been lavishlyly debated over that past gibe years. some favor the report of internet gross gross revenue measure and different are strange; both sides have pros and cons. The important proceeds of the sales imposeation would be the revenue produced to care repugn the large famine in atomic number 20. This topic leads to cardinal question. result the benefits of this bran-new value divulgeweigh the consequences that it will indefinitely toss away? In part mavin of the paper, the benefits of a sales levy on internet commerce will be discussed. The severalize of California is having a bud render crisis; a new sales tax on internet commerce whitethorn try square support for our famine. California is on form for a $35 one million million million dollar deficit in 2003(Krebs). In 2000, Governor time-honored Davis vetoed a bill passed by the California Legislature to occupy online merchants to collect sales taxes (California Considers). direct the rate of flow deficit has Governor Gray Davis rest farther outside(a) from his anti-internet sales tax views (California Considers). In 2002, Internet sales were at an all-time high of $79 billion (California Considers). If the states supercharged a 7.75% tax on this amount it would receive out to revenue totaling some $6.1 billion. 2002$72.1 billion 2001$51.3 billion 2000$42.4 billion 1999$25.

5 billion The tax revenue would non be a substantial part of completely eliminating the deficit at this time, it would most likely rise over the adjoining a couple of(prenominal) years with the increasing popularity of the internet. This assumption usher out be sanction up by the San Francisco Chronicle and the statistics on overall consumer online sell sales (see chart left). The online retail sales have go steadily over the past 4 years; about multiply from 1999 to 2002. At this pace, there is a good... If you want to get a full essay, order it on our website: Ordercustompaper.com

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