Congress is Considering Bill to Impose Sales Tax on Online Purchases
Will this change your purchasing habits?
As everyone debates the great partisan divide in the federal government, there is some bipartisan legislation moving along in Congress without too much opposition from either side of the divide. If passed, the bill being considered would result in about 5 to 10 percent sales tax levied on purchases made over the Internet. While this would level the playing field for businesses with a presence outside the virtual storefront, it would be a hardship for the U.S. consumers who, according to a recent story on CBS News, spent more than $200 billion in online sales last year. A reported 53 percent of Americans shop online, spending an average of $1,200 a piece. This is expected to rise to 58 percent by 2016 with an average expenditure of about $1…
