Debunking Internet Sales Tax Misconceptions

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After reading various articles published by the mainstream media and listening to a discussion regarding the issue on a popular talk radio show, it is quite clear that there is an abundance of misconceptions about what exactly the proposed Marketplace Fairness Act says. We have listed some of those misconceptions below and attempted to give a little clarity regarding what the proposed law actually means.

Misconception #1 – “The Marketplace Fairness Act imposes a new federal tax on state exports.”

The proposed law does not impose a new federal tax. The law authorizes a state to require out-of-state retailers (i.e., “remote …read more

Read more here:: Tax

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