The "web" gets taxed, the dotcoms die on Wall Street then what?
Senators predict Web sales will be taxed
That measure would level playing field between retailers, e-commerce, they say
12/10/99
By Alan Goldstein / The Dallas Morning News
Internet-based retailers will eventually have to charge sales taxes to customers, just as brick-and-mortar stores do, to level the playing field between the different types of businesses, according to Texas' two U.S. senators.
"I personally believe in the end that we will have sales taxes just as you have in a store," said Sen. Phil Gramm, speaking with reporters Thursday in Dallas. "I think you would collect the taxes when the product is shipped."
The collection of sales taxes would allow Main Street businesses, particularly in small towns, to compete against their cyberspace rivals, said Sen. Kay Bailey Hutchison.
Without charging taxes, she said, Web retailers effectively offer customers a special discount.(cont)
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