Wednesday, December 10, 2014

Three New Ways Government Threatens to Tax the Internet

Three New Ways Government Threatens to Tax the Internet – As Soon As Thursday | Somewhat Reasonable:
 ...The Feds keep breaking records for taking our money – yet have racked up an $18+ TRILLION (and counting) debt.
Government doesn’t have a revenue problem – it has a spending one.
It needs to find ways to stop being so ridiculously profligate – rather than looking for new ways to take our money.
 But was we know, that ain’t happening.
Government views our money like Jello – there’s always room for more.  
Whenever it can raise taxes – or create new ones – it all but leaps at the opportunity. 
The Internet is currently threatened with multiple brand new taxes levied by multiple levels of government.
One tax tidal wave can happen by Washington simply doing nothing.
On Thursday, the federal moratorium on Internet access taxes expires.
…Instead of putting the same (PITFA) bill to the Senate,
…Reid has decided to attach it to a proposed law called the Marketplace Fairness Act (MFA).
That bill…would require online retailers to collect tax on sales they make to out-of-state consumers (subjecting these retailers to 9,998 different tax jurisdictions).
 ...And as huge as these new taxes are – they aren’t the hugest prospective new tax.
 If President Barack Obama and the leftist of the Left (like the aforementioned Pelosi) get their way, the Feds will soon begin slamming the ridiculous, bloated, wasteful, utterly unnecessary Universal Service Fund (USF)’s gi-normous phone tax – onto the Internet. 
...That’s the USF tax – which is currently 16.1%.  
And it goes up every quarter – automatically. 

2 comments:

KoreanForFreedom said...

I loved Steve DelBianco's latest two comments: "The MFA legislation would have turned that equation on its head, forcing single-location, family-run businesses that are only a fraction of Amazon’s size to follow thousands of jurisdictions and face audits from 46 state tax authorities."
"Internet retailers—even small ones—don’t oppose collecting sales tax. What they oppose are tax and regulatory schemes that unfairly penalize them for their chosen business model."
But it's not over. Big retail is still fighting to get this passed. This time using Chaffetz's uninspired amendments to MFA.

Jim Riley said...

Good observations.
Big gov will NEVER be satiated.