“To call Wayfair a ‘windfall’ is a double insult to state taxpayers,” said Steve DelBianco, president and CEO of NetChoice, a trade group that represents e-commerce businesses and online consumers. “First, every tax dollar comes from state taxpayer pockets, so there is no windfall of new money coming into the state.”
Second, DelBianco points to a GAO estimate that said new tax revenue from remote sellers would amount to less than 1 percent of total state and local tax revenue.
“So this windfall isn’t going to refill a state’s coffers,” DelBianco said.
Internet Sales Tax
Posted 08/24/2018 | Media Hits