Online sales tax ruins business, just ask the folks at Amazon. In a new study from The Ohio State University, research shows that companies facing online sales tax lose almost 10% of their revenue. Where does that revenue go? Not to brick and mortar stores, those dollars go to other online businesses not subject to online sales tax. So while states pitch this as an opportunity to ‘protect’ local brick and mortar stores, the reality is that this is a money grab aimed at filling the budget gaps they created by running their states like morons.
Links
-> Retailers That Collect Online Sales Tax Lose Business
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Photo: Out.of.Focus via Flickr
