‘44% of Shoppers Will Buy Less Online if Internet Sales Tax Passes’ – ‘Mashable’

Alex Fitzpatrick says, “If the Marketplace Fairness Act passes through Congress, more online retailers would have to collect sales tax at the point of purchase. Would you buy less stuff online if that becomes the case? If yes, you’re not alone — about 44% of people said they would cut back on their Internet shopping if the so-called Internet Sales Tax becomes reality, according to a study.

The Marketplace Fairness Act would require online retailers making more than $1 million annually to collect sales tax from customers in states with sales tax and remit them to the appropriate state. Currently, such customers are expected to report online purchases in their annual tax filings, but few actually do. The MFA easily passed the Senate a few weeks ago, but many observers are expecting slower goings in the House”.