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Technology Stocks : eBay - Superb Internet Business Model

EBAY 83.82

+3.7%

Nov 7 9:30 AM EST

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To: Frederick Langford who wrote (7288)	12/26/2003 9:58:10 AM
From: q39	Read Replies (1) of 7772

Internet sales taxes have to come soon. States are feeling the crunch of diverted sales to the internet. I wonder how states like Tennessee stay in business. It has a 10% sales tax and no income tax. I don't live there, but the only internet companies that have charged me sales tax this year are Dell and Office Depot. On more expensive items, missing a 10% tax more than pays for shipping, so the incentive for Tennessee residents to do their merchandise shopping on-line is immense, and the state and local governments collect nothing - with consequences like all the stores except Wal-Mart go out of business and property tax collections plummet as well. With this years clear diversion of local sales to internet sales, I would think every state has to be examining how to tax internet sales. What would the tax look like? Seems like the states would have to get together and make a national system so that administrative costs for small sites and enforcement costs would not be prohibitive.

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