Since the birth of the Internet, online retailers and consumers have guarded the tax-free click. Not having to collect state sales taxes has allowed digital stores to flourish. Shoppers have been able to find what they want in regular stores, only to order the same product online -- tax-free.
Colorado lawmakers set out yesterday to create a framework for how the state would become the first in the nation to regulate and tax recreational marijuana sales, including combined levies as high as 40 percent on the newly legal product.
Local and state sales taxes “add significantly” to the amount consumers pay for everyday goods, with Tuba City, Arizona, charging 13.725 percent, the most of any municipality, the Tax Foundation reported.
California Governor Jerry Brown has a fresh $6 billion to spend from higher taxes approved by voters on his pledge to fix years of fiscal imbalance in the biggest state by population. He has promised to use restraint.
California Governor Jerry Brown’s ballot initiative to raise income and sales taxes, and a competing measure by the daughter of Berkshire Hathaway’s Charles Munger, have qualified to go on the November ballot, according to the Secretary of State’s office.
The Cato Institute's Dan Mitchell has an article for U.S. News arguing against the Marketplace Fairness Act, a proposed federal law to require online retailers to collect tax on sales to buyers in states where they don't operate. Echoing Ben Boychuk of City Journal, and many other conservative critics, Mitchell describes the proposal as "a money grab."