Ravenwood - 11/30/05 07:00 AM
Tennessee is asking online retailers to voluntarily tax their customers and send them the money. Why not just flush your money down the toilet?
Then there's this quip from Say Uncle:
And, since I'm known to pick a nit or two, this is a stupid statement that I see all the time:To the government, it's all semantics. Maybe Tennessee would like to start soliciting Voluntary Tax Refund Forfeitures.University of Tennessee economist William Fox issued a recent study estimating that state and local governments will lose $18 billion in sales tax revenues this year because of online purchases.
Stupid economists. If expenses is greater than revenue, that is a loss. Not collecting money that you're not entitled to is not a loss. It's called not collecting money you're not entitled to.
I presume other states do a similar thing, but Ohio has a section on the income tax form that essentially states, "Since we can't forcibly take it from you at the time of purchase, nor even verify that a transaction has taken place, please willingly fork over the tax money that you unfairly took from the State of Ohio by purchasing things on-line. Enter the amount you deserve to have taxed in this space."
Every year I laugh as I write $0 on the line. Honest, I never purchased anything that way...
Posted by: roger at November 30, 2005 7:43 AMThat certainly gives a new meaning to "The Tennessee Volunteers"
Posted by: Zerin Hood at November 30, 2005 10:27 AMZerin wins the prize.
Posted by: mikem at November 30, 2005 7:22 PMLeave it to a liberal demacrat to want taxes on everything?
Posted by: sandpiper at December 3, 2005 10:13 PM(c) Ravenwood and Associates, 1990 - 2014
