VIDEO: The New Tax Hike That Could Be Added to Online Sales VIDEO: The New Tax Hike That Could Be Added to Online Sales – NTK Network

VIDEO: The New Tax Hike That Could Be Added to Online Sales

Higher taxes could be coming to a bill near you. Check out NTK Network’s video explaining how a new internet sales tax could work.

By NTK Staff | 01.08.2018 @11:15am

You could be paying more in taxes if a few lawmakers and powerful lobbyists get their way. There’s an effort in the nation’s capital to implement a new internet sales tax that would force sellers to comply with each state’s sales tax code.

That means online sellers, even if they don’t have a physical presence in the state, would need to comply with nearly 10,000 state regulations across the country.

Rep. Kristi Noem (R-SD) said last week that she is trying to convince President Trump to back her bill this year.

Meanwhile, the Supreme Court could announce its intentions to take up the issue as early as this week. If the highest court does hear the case, deliberations are expected to begin in April.

A September poll found that fully 66 percent of Americans opposed a new internet sales tax. Just 21 percent said they supported the measure, while 13 percent were undecided.

Those Americans are not alone. Small government groups like Citizens Against Government Waste and Americans For Tax Reform’s Grover Norquist have both spoken out against such a measure.

So who supports this measure? Companies like Amazon and big-box retailers who have the legal teams and resources to handle overwhelming, burdensome regulations. Those types of companies employ lobbyists to help shape the legislation to their benefit.

Perhaps most unbelievably, the online taxing would not stop at the water’s edge, either. The European Union and Australia are also working of efforts to force U.S. business to pay taxes on goods sold in those countries.

So far, Noem’s bill has been unable to advance beyond the House Judiciary Committee. If that changes and the full House considers this bill, there could be a real dogfight in 2018 over hiking Americans’ taxes.

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