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Should States Tax Internet Sales?
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<blockquote data-quote="The Other Side" data-source="post: 860395" data-attributes="member: 17969"><p>States like California (like where I live) have to find revenue sources. Property Tax revenue is drying up as homeowners default. The largest loss of revenue is Property tax. When you have an expansion like the false expansion of the Bush administration (housing) the associated infrastructure has to increase as well. Courts, police, fire, water, power, sewage have to be created. The property taxes estimated to be collected from these new homes sales was the revenue to pay for these resources.</p><p></p><p>Once the housing boom goes bust, and property taxes are not paid, infrastructure still needs to be paid. That revenue has to come out of other sources of revenue.</p><p></p><p>However, once a recession hits, more revenue streams dry up. Sales taxes, which should be the second largest revenue stream, dries up as consumers spend less and sales taxes go uncollected.</p><p></p><p>Auto sales from 2007 to 2009 sunk to all time lows (during bush) and that revenue stream dried up. The state, trying to plug holes in the budget from all the dried up revenue streams had to raise our state sales tax in order to shore up the shortfalls.</p><p></p><p>Internet sales has taught californians to "evade" sales taxes by purchasing out of state via the internet and that is drying up another source of revenue. As that happens, the state is forced to find other sources of revenue.</p><p></p><p>From gasoline, to fast food, to groceries, to haircuts.... the state is looking for revenue from new taxes that californians cant evade. When this happens, the state will have no choice but to take away loopholes in the tax codes or raise sales taxes once again. Raising sales taxes again makes everyone angry, but if we just paid internet tax, there would be no need to raise taxes again.</p><p></p><p>What people dont understand is "unintended consequences". The loss of revenue in our state is reaching a critical point.</p><p></p><p>California expanded during bush, and now its forced to contract. That contraction is hurting our state and the more "we" short our state on taxes, the worst it will get for everyone.</p><p></p><p>Simply saying "cuts" is the answer, isnt the answer. The choices are simple, CUT DEEP and put the state into economic freefall again or raise tax revenue and save our state.</p><p></p><p>Those who believe cuts save the day, dont understand basic economics of a state.</p><p></p><p>Peace.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 860395, member: 17969"] States like California (like where I live) have to find revenue sources. Property Tax revenue is drying up as homeowners default. The largest loss of revenue is Property tax. When you have an expansion like the false expansion of the Bush administration (housing) the associated infrastructure has to increase as well. Courts, police, fire, water, power, sewage have to be created. The property taxes estimated to be collected from these new homes sales was the revenue to pay for these resources. Once the housing boom goes bust, and property taxes are not paid, infrastructure still needs to be paid. That revenue has to come out of other sources of revenue. However, once a recession hits, more revenue streams dry up. Sales taxes, which should be the second largest revenue stream, dries up as consumers spend less and sales taxes go uncollected. Auto sales from 2007 to 2009 sunk to all time lows (during bush) and that revenue stream dried up. The state, trying to plug holes in the budget from all the dried up revenue streams had to raise our state sales tax in order to shore up the shortfalls. Internet sales has taught californians to "evade" sales taxes by purchasing out of state via the internet and that is drying up another source of revenue. As that happens, the state is forced to find other sources of revenue. From gasoline, to fast food, to groceries, to haircuts.... the state is looking for revenue from new taxes that californians cant evade. When this happens, the state will have no choice but to take away loopholes in the tax codes or raise sales taxes once again. Raising sales taxes again makes everyone angry, but if we just paid internet tax, there would be no need to raise taxes again. What people dont understand is "unintended consequences". The loss of revenue in our state is reaching a critical point. California expanded during bush, and now its forced to contract. That contraction is hurting our state and the more "we" short our state on taxes, the worst it will get for everyone. Simply saying "cuts" is the answer, isnt the answer. The choices are simple, CUT DEEP and put the state into economic freefall again or raise tax revenue and save our state. Those who believe cuts save the day, dont understand basic economics of a state. Peace. [/QUOTE]
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