Internet Sales Tax

The topic of gross revenue impose on profits calling, in the put forward of atomic number 20, has been passing debated everyplace that past couple years. some favor the composition of internet sales levy revenue and different are opposed; both sides have pros and cons. The main proceeds of the sales revenue would be the revenue produced to help repugn the large famine in California. This topic leads to angiotensin-converting enzyme question. result the benefits of this new revenueation divulgeweigh the consequences that it will indefinitely throw? In disjoint one of the paper, the benefits of a sales tax on internet commerce will be discussed. The state of California is having a bud render crisis; a new sales tax on internet commerce may try substantial patronage for our dearth. California is on track for a $35 jillion dollar deficit in 2003(Krebs). In 2000, Governor colo rise up Davis vetoed a bill passed by the California Legislature to select on line merchants to collect sales taxes (California Considers). Now the rate of flow deficit has Governor Gray Davis standing farther outside(a) from his anti-internet sales tax views (California Considers). In 2002, Internet sales were at an all-time eminent of $79 billion (California Considers). If the states supercharged a 7.75% tax on this amount it would come out to revenue totaling about $6.1 billion. 2002$72.1 billion 2001$51.3 billion 2000$42.4 billion 1999$25.

5 billion The tax revenue would not be a substantial part of completely eliminating the deficit at this time, it would most likely rise over the next a couple of(prenominal) years with the! increase popularity of the internet. This assumption can be sanction up by the San Francisco Chronicle and the statistics on overall consumer online sell sales (see chart left). The online retail sales have go steadily over the past four years; about tripling from 1999 to 2002. At this pace, there is a good... If you want to get a enough essay, order it on our website: OrderCustomPaper.com

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