At 08:48 PM 3/4/2004, you wrote:

http://news.yahoo.com/news?tmpl=story2&cid=528&u=/ap/20040304/ap_on_hi_te/internet_sales_tax_7&printer=1

<snip>
Forty-five states require buyers to pay sales taxes on Internet and
other out-of-state purchases, though a few, including California and
Minnesota, exempt the first few hundred dollars and focus on
high-ticket items.

Meanwhile, a number of major retailers including Wal-Mart, Toys "R" Us
and Target voluntarily collect state taxes. And some states are
working on a "streamlined sales tax project" that would tax online
purchases at the point of sale. Congress would have to enact a law,
however, to make such a system nationwide.

States with sales tax lines on their tax forms include Alabama,
California, Connecticut, Idaho, Indiana, Kentucky, Louisiana, Maine,
Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio,
Rhode Island, South Carolina, Utah, Vermont, Virginia and Wisconsin,
according to the Federation of Tax Administrators.

Georgia, Hawaii and the District of Columbia have separate forms in
their income tax packages.

rob

Forty five states have sales tax, but they do not require sales tax collection on mail order or internet sales except where a store has a physical location. That's why target and walmart collect taxes on sales to most every state.


I'm going to get some information about this.

The debate here is to lower the sales tax from 6 to 4%, but tax everything. Currently uncooked food and clothes are exempt. The hue and cry of course is that this will unfairly target the poor. But most studies show that overall the consumer will see lower taxes and with a single tax structure retailers could collect taxes easier.

Kevin T. - VRWC
Insider trading
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