Internet Sales Taxes Eyed By States To Raise Funds What This Means For You
It looks like the economic downturn may mean an upswing for taxing internet sales. The AP reported today that, as states feel their budgets being increasingly squeezed by the current recession, they may turn to taxing online sales to help stem their woes. An analyst from Forrester Research estimates that if Web retailers had to collect taxes on all sales to consumers, it could generate $3 billion in new revenue for governments....