2013-05-08 19:32:09 UTC
said that he is seeking $580 billion in new tax revenue.
Since he cannot get any more tax revenue from federal income taxes, he
is going to need to get this $580 billion from other kinds of taxes
such as his Internet sales tax that targets companies like Amazon and
people like Sam Sloan who sell their products on line.
It is clear that this Internet Sales Tax will discourage people from
buying online. It might even put Amazon out of business. Who among us
has not bought something from Amazon recently?
Looks like the people made a big mistake in re-electing Obama. Too
late to change that now.
Another way this could backfire is nowadays the US Postal Service gets
most of its revenues from delivering packages. If people stop buying
online because of this Internet Sales Tax, then the postal service
will have fewer packages to deliver. The postal service is already in
financial trouble even without this loss in revenue.