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Personal Finance

Internet Sales Tax

Connecticut Public Radio
Published December 5, 2011 at 10:37 AM EST
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Chion Wolf
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Chion Wolf / WNPR
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Chion Wolf

http://cptv.vo.llnwd.net/o2/ypmwebcontent/Tucker/Where%20We%20Live%2012-05-2011.mp3

In the week after Thanksgiving, U.S. consumers spent nearly $6 billion online. Those numbers come from research firm ComScore, which says online sales are already up 15% from last year.

The benefits of internet shopping can include free shipping, no crowds and seemingly...no sales tax.

Across the country, states miss out on more than $7 billion from online sales.

Connecticut is among the states trying to figure out how to rake in this revenue.

Today, online sales and taxes - Connecticut’s so-called Amazon tax is an attempt to get at that revenue stream. But Department of Revenue Services Commissioner Kevin Sullivan says the state should forget about $9.4 million in revenue from Internet taxes and get ready for a legal fight.

Will you report your online purchases to the government for taxes? Do you work for a company that has been affected by online sales or by the Amazon tax?  
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SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

The independent journalism and non-commercial programming you rely on every day is in danger.

If you’re reading this, you believe in trusted journalism and in learning without paywalls. You value access to educational content kids love and enriching cultural programming.

Now all of that is at risk.

Federal funding for public media is under threat and if it goes, the impact to our communities will be devastating.

Together, we can defend it. It’s time to protect what matters.

Your voice has protected public media before. Now, it’s needed again. Learn how you can protect the news and programming you depend on.

Protect Connecticut Public

Connecticut Public’s journalism is made possible, in part by funding from Jeffrey Hoffman and Robert Jaeger.