Illinois Amazon tax called 'disaster'

  • Posted by a hidden member.
    Log in to view his profile

    Apr 05, 2013 1:42 PM GMT
    http://www.bizjournals.com/seattle/blog/techflash/2013/04/illinois-amazon-tax-called-disaster.html

    A tax on online sales passed in Illinois two years ago has been called a "disaster" in that state.

    An opinion published in the Chicago Tribune said the Illinois online sales tax plan, dubbed the "Amazon tax" after the Seattle giant online retailer, was expected to generate $150 million but has reportedly generated only 5 percent of that total.

    After the Illinois tax was passed, Diana Sroka Rickert of the Illinois Policy Institute noted that many online retailers like Amazon (NASDAQ: AMZN) and Overstock.com ended their relationships with Illinois-based marketing affiliates.
    Other Illinois companies, such as CouponCabin and FatWallet.com, left the state.

    "Since this law has failed to produce its anticipated revenue and resulted in Illinois losing jobs to border states, Illinois should repeal the Amazon tax. It has not helped the state; it has hurt it," Rickert opines in her editorial.
  • Posted by a hidden member.
    Log in to view his profile

    Apr 05, 2013 1:51 PM GMT

    You know, once a while back you were in agreeance on a topic that income taxes could be extremely lowered and possibly replaced with sales tax, which would garner taxes from visitors as well as citizens.
    Are you now taking the position that avoiding sales taxes etc by ordering online is good?

    Ay yi yi.
  • Posted by a hidden member.
    Log in to view his profile

    Apr 05, 2013 9:26 PM GMT
    meninlove said
    You know, once a while back you were in agreeance on a topic that income taxes could be extremely lowered and possibly replaced with sales tax, which would garner taxes from visitors as well as citizens.
    Are you now taking the position that avoiding sales taxes etc by ordering online is good?

    Ay yi yi.


    Sales taxes *are* better than income and profit taxes. Governments do rely far too much on income and profit taxes - that being said, this simply reflects how governments always overestimate the amount of income they get from new taxes. In this case it was particularly destructive - then again, the problem with Illinois and much of the US was never a function of revenues but one of overspending.
  • Posted by a hidden member.
    Log in to view his profile

    Apr 05, 2013 9:29 PM GMT
    riddler78 said
    meninlove said
    You know, once a while back you were in agreeance on a topic that income taxes could be extremely lowered and possibly replaced with sales tax, which would garner taxes from visitors as well as citizens.
    Are you now taking the position that avoiding sales taxes etc by ordering online is good?

    Ay yi yi.


    Sales taxes *are* better than income and profit taxes. Governments do rely far too much on income and profit taxes - that being said, this simply reflects how governments always overestimate the amount of income they get from new taxes. In this case it was particularly destructive - then again, the problem with Illinois and much of the US was never a function of revenues but one of overspending.


    See the bold? Yes they are better aren't they - easier to avoid. (your agenda is showing, tuck in your shirt)