Monday, May 3, 2010

In a State’s Search for Sales Tax, Amazon Raises Privacy Concerns

    
NOW privacy concerns are raised?

In a State’s Search for Sales Tax, Amazon Raises Privacy Concerns

This rant is entitled, “Why won’t you listen?!” Instead of lowering their tax rates to attract more business, states are bent on raising them and than finding a way to extract those taxes even from people that go elsewhere to avoid sales taxes because they are too high. This is a classic example why federalism is a good thing. Each state is sovereign and there are some states that understand lower tax rates bring in more business and more money.

The examples of misguided states trying to extract more and more money leading to less and less revenues are plentiful.

California comes to mind, and more recently Maryland with their millionaire’s tax. How’s that working out? Read the links and find out.

Keep in mind that states that have tried to increase revenues by increasing tobacco taxes or “sin” taxes have not realized the revenue increases that they sought and lusted for. My brain is not large enough and my intellect not high speed enough to provide the examples and research by my lonesome. Thankfully places like The Heartland Institute are doing it for me. :)

“Experience in other states shows that once tax revenues from tobacco and other affected businesses begin to fall short of projections, legislators end up looking for more money from more taxpayers.”

Excerpt from Research & Commentary: New Hampshire’s Vanishing Tax Advantage

For those on the sidelines when the states came after tobacco users for more tax money, welcome to the receiving end – uncomfortable isn’t it. :)

End rant.

No comments:

Post a Comment