California shoots self in foot

posted by
July 10, 2011
Ayn R. Key
by Ayn R. Key  
Posted in Commentary

"It is already law that residents of the state are supposed to pay the sales tax for all internet purchases. There is a line on the state income tax forms for that purpose -- a line ignored by Californians. Frustrated by their inability to force Californians to pay yet another tax in one of the highest taxed states in the country, the idea was to 'close a loophole' and force internet businesses to do the same tax collection that stores physically located in the state collect -- a service they provide 'free' to the state. Already Amazon.com and Overstock.com are reacting to this new law. They are not collecting the sale taxes, though. They are pulling out of the state." (07/08/11)

http://tinyurl.com/3bp7tkz  

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