The Winners And Losers Of The Online Sales Tax

The Senate has passed the Marketplace Fairness Act by a vote of 69 to 27, sending the online sales tax bill to the House, where its probability of survival isn’t great.

When the bill does pass though, and it inevitably will eventually, state governments can look forward to a revenue surge. The estimated uncollected sales taxes in 2012 from online purchases exceeds $11.4 billion. California stands to bring in the biggest chunk of that at $1.9 billion.

Estimated Uncollected Online Sales Taxes 650x428 The Winners And Losers Of The Online Sales Tax

Brick and mortar stores stand to benefit the most from the introduction of an online sales tax, although most will still be disadvantaged by Amazon’s ability to use scale and the cost efficiency that comes with not having to operate a physical store.

Online Sales Tax Winners 650x437 The Winners And Losers Of The Online Sales Tax

The 5 no sales tax states — Alaska, Delaware, Montana, New Hampshire, and Oregon — are against the legislation as it provides them no benefit.

Online Sales Tax Losers 650x444 The Winners And Losers Of The Online Sales Tax

Keep Reading
Quantcast