Internet Tax
The sign at Wal-Mart says, "99 Cents." Although, if you go through the checkout line and greet the cashier with merely a dollar, the cashier would laugh at you. The price isn't ninety-nine cents, it's $1.06. The taxman at our friendly Raymore Wal-Mart claims an additional 7.45% of one's hard earned dollars. The additional seven cents doesn't sound like much, but it is when it's seven additional cents for each dollar of the thousands of dollars that a person spends at a business like Wal-Mart every year. These seven-cent deposits go to the Missouri and Raymore tax funds. Taxes that help pay for public education, Medicaid, and other state and local services (Alster). There is only one ...
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more popular in the future. Shopping on the Internet has many benefits over shopping in local stores.
E-Commerce, or electronic commerce, is commerce done over the Internet. The Internet is seen as the future for business and information technologies. Why would a person want to spend a few minutes getting dressed to drive fifteen minutes to Wal-Mart to spend an hour or two shopping, and another half an hour, on a good day, checking out and driving back home. In the middle of all that, don't forget the hassle of trying to find the right toy, while listening to obnoxious kids and dealing with sub-par customer service. There is another problem, most stores aren't open 24 hours a day like Wal-Mart and QuickTrip.
The biggest problem with regular business isn't the customer service, or busy lines, it's the six to eight percent sale price boost that occurs at the end of that busy line. Until October 21, 2001, by the way of the Freedom act ("Bill"), any shopping done on the Internet ...
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Act from 1998 guarantees no sales taxes till after October 21, 2001. The act also founded a commission to research and plan a way to tax the Internet. The problem is very complex. For instance, pretend person A owns a business on the Internet. Person A lives in Missouri but the computer that houses his business is in New York. Person B comes along and buys something from the web site. Person B lives in Kansas. The problem lies in that, Missouri, New York, and Kansas all want to collect that sales tax. A person shouldn't have to pay tax on something three times though. The debate is over who gets the tax. On the other hand, what if the business is housed on a computer in London, ...
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CITE THIS PAGE:
Internet Tax. (2004, May 23). Retrieved November 30, 2024, from http://www.essayworld.com/essays/Internet-Tax/8298
"Internet Tax." Essayworld.com. Essayworld.com, 23 May. 2004. Web. 30 Nov. 2024. <http://www.essayworld.com/essays/Internet-Tax/8298>
"Internet Tax." Essayworld.com. May 23, 2004. Accessed November 30, 2024. http://www.essayworld.com/essays/Internet-Tax/8298.
"Internet Tax." Essayworld.com. May 23, 2004. Accessed November 30, 2024. http://www.essayworld.com/essays/Internet-Tax/8298.
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