posted Aug 06, 2001

News: Governors plea for Net sales tax

'Wyoming Gov. Jim Geringer is urging Congress to allow states to tax e-commerce to replenish state coffers. Geringer, speaking on the opening day of the National Governors Association summer meeting Saturday, warned that without such a tax, states stand to lose annual revenues topping $30 billion by 2003.'

A fair sales tax scheme on the Internet doesn't bother, just makes me generally nervous as any power grab does. I do have a huge problem with this "$30 billion" loss bit, though... as a general rule of thumb, you can't lose what you don't have. (That statement applies in a lot more places then you might expect.)



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