What is the Internet Tax Freedom Act?
What is the Internet Tax Freedom Act? When you go to the mall to shop for some new clothes or pick out a new book to read at the bookstore, you probably glance at the price tag before making any purchases. Although you might have a general idea of what the price will be, it’s always good to check before rushing off to the cash register. You also might perform some quick, approximate calculations in your head: Although the price tag says the retail for your book is $14.99, the final transaction before you leave the store will typically include a sales tax. If the state tax on goods is 7 percent, for example you’re actually paying about $16.04 for that book instead of $14.99. The same goes for cable and telephone subscriptions — subscription fees you see advertised often have taxes added on after you sign up. Sales taxes are put into place by state and local governments to gain some sort of revenue. It’s similar to payin
