The Conservative Cave
Current Events => Economics => Topic started by: bijou on March 21, 2012, 01:30:51 PM
-
Chicagoist reports that Illinois' attempt to force out-of-state, online-only retailers to collect and remit use tax where they advertise online with an "affiliate" based in-state has proved to be a massive failure:
When House Bill 3659, otherwise known as the "Amazon Tax," was first passed in January of last year, state Sen. John Cullerton (D-6th), who co-sponsored the bill with state Rep. Pat Verschoore (D-Milan), boldly stated that "Illinois would generate an additional $150 million in much-needed revenues" under the new law. Skeptical of that huge amount of money (which would have been a more than 50% increase in use tax collected), we looked at the numbers and determined it was way off. ...
link (http://www.breitbart.com/Big-Government/2012/03/21/massive-amazon-tax-fail-in-illinois?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BigGovernment+%28Big+Government%29)
-
(http://i21.photobucket.com/albums/b258/kent62526/surprisedface.jpg)
Just because this type of tax failed to produce more revenue in other states, didn't mean the same would happen in Illinois. :sarcasm:
Liberal tax and spend politicians never learn.