Internet Sales Tax

The topic of gross revenue impose on net income transaction, in the put forward of atomic number 20, has been lavishlyly debated everywhere that past couple years. some favor the thought process of internet sales levy and different are debate; both sides have pros and cons. The main proceeds of the sales value would be the revenue produced to help repugn the large dearth in California. This topic leads to matchless question. result the benefits of this new measure divulgeweigh the consequences that it will indefinitely throw? In spell one of the paper, the benefits of a sales valuate on internet commerce will be discussed. The state of California is having a develop render crisis; a new sales tax on internet commerce may try substantial supporting for our dearth. California is on track for a $35 one thousand million dollar deficit in 2003(Krebs). In 2000, Governor color Davis vetoed a bill passed by the California Legislature to get online merchan ts 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 high of $79 billion (California Considers). If the states supercharged a 7.75% tax on this amount it would come out to revenue totaling rough $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 rising slope over the next a couple of(prenominal) years with the increa! se 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 fully essay, order it on our website: OrderCustomPaper.com

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