[Eric in the Ozarks]

Financial transaction tax.
1 percent of every check you write to receive.

I’m told it is outlined in HR 4646

[PeterPrinciple]

This also has some interesting unintended consequences. I for one will be minimizing my credit card transactions for the simple reason I don't think it is any of their damn business. Operating on cash will reduce the amount of my spending quite a bit because it become more real when I have to pull the cash out instead of the easy credit card.

Will this reduce interstate commerce and increase local? I consider the shipping cheaper than the local tax and just another way to starve the beast. Will this reduce shipping, sell your stock in fed ex.

[PeterPrinciple]

In this case wikipedia has good information on use tax:

http://en.wikipedia.org/wiki/Use_tax

[PeterPrinciple]

And for you Vermont users, an added late fee, penalties and interest because you did not file monthly.

“The assessing jurisdiction may make the use tax payable annually, but some states require a monthly payment. For example, where a Vermont resident has not paid at least 6 percent sales tax on property brought in for use in the state, Vermont law requires filing a tax return (Form SU-452, and payment) by the 20th day of the month following non-exempt purchases to avoid a $50 late fee, a 5 percent penalty per month, to a maximum of 25 percent, plus statutory interest on the unpaid tax and penalties.”

[PeterPrinciple]

More interesting info from wikipedia that states are planning on this increased revenue...........

In 2007, 22 states [1] including New York, California, Ohio and Virginia have included an entry on their state individual income tax return for taxpayers to voluntarily calculate an amount for use tax liability. Taxpayers however have not been so quick to reach into their wallets and forward these taxes to the state. A few of these states have tried another approach by pre-determining the tax liability owed by every taxpayer via a tax table based on the individual’s adjusted gross income

[PeterPrinciple]

If you wanted to compute the numbers. Let's see, 34 billion X 4 qtrs = $136 Billion at 6% but much higher for most states is how much?

Anyone interested now?

From Wikipedia:

As the amount of e-commerce sales continues to rise (34 billion dollars for just the second quarter of 2008)[3] states recognize that the key to collecting these taxes rests not only in educating the individual taxpayer but with coordinating their efforts

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[phockthis]

sfl

[PubliusMM]

Sadly, the majority of folks, as products of the public education gristmill, don’t have the critical thinking capacity to reason these things out for themselves. And, most don’t have the attention span necessary to lay out all the pieces and connections.

The left has been most successful at keeping the sheeple ignorant of their marxist plans and pogroms by controlling the terms of the argument; ‘entitlements’ rather than welfare handouts; ‘social security’ rather than congressional robbery; and so forth.

We are getting closer and closer to the ultimate reset button, though. It’s time to take back the country.