Internet sales tax project gets underway
Residents of 13 US states will have to start paying sales tax on some Internet purchases, once the Streamlined Sales Tax Project (SSTP) becomes operational on October 1.
While a blessing to many consumers, online shopping has been a thorn in the side of state and local governments who feel the pain of missing tax revenues in the midst of rising costs and budget crunches. If the SSTP proves to be successful, you can bet that all 50 states will eventually sign on and major retailers will feel the pressure to participate as well. That would be good news for revenue-starved governments, but not for consumers who have become accustomed to tax-free Internet shopping.
Government just can't stand that commerce is being done and they aren't getting their cut of the action. Am I going to be required to collect sales tax on stuff that I sell on ebay?