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Archive for March 11th, 2011

Not accepting new taxes…

Posted by taxguru on March 11, 2011

I always love hearing and seeing stories about people who don’t simply drop their drawers and bend over every time some money hungry rulers try to increase fees and taxes.  This story from Illinois has some great illustrations of what can happen if the greedy rulers are faced with some consequences for their actions.

Illinois Governor Signs Amazon Internet Sales Tax Law

So, the net result of the Illinois governor wanting to assess sales tax on Amazon sales in his state is now going to be the fact that thousands of taxpayers in Illinois will lose their affiliate accounts with Amazon, along with the money that they earn from that business relationship.  That means that there will be less taxable income reported by those soon to be former affiliates and thus less income tax paid to the state of Illinois. 

And, since there will no longer be any Illinois based Amazon affiliates, there will be no sales tax collected for Illinois on Amazon sales to Illinois residents, who can still go directly to Amazon’s site or click on a link from an affiliate in any other state. 

The net result for the Illinois tax coffers –  less revenue, not more.  I think this is a great way to tell those money hungry State Rulers that they can’t fiscally rape businesses without suffering some consequences.  I hope we see more of this kind of resistance to similar new taxes all over this country.


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