>... is bridges falling apart, underfunded police agencies, teachers leaving the profession because they don't want to live in poverty, schools without supplies, without music programs, without art programs, let alone STEM programs, colleges shrinking, faculty not being hired, roads going unrepaired, homeless population growing, libraries being gutted, social programs and social service agencies facing layoffs and shortages, and on and on.
Non one can seriously claim the lack of sales tax revenue from out of state shippers has that big of an impact on state and local revenue.
According to the article:
>...Broader taxing power will let state and local governments collect an extra $8 billion to $23 billion a year, according to various estimates.
As a comparison in 2012:
>...Tax revenues increased in all but five states in fiscal year 2012, with some recording noticeable gains. In all, states collected $794.6 billion, a record-high that represents a 13 percent increase from 2010 totals
So even using the high estimates of 23 billion, that would be a small fraction of total state/local tax revenue. The extra few percent of revenue from taxing out of state businesses isn't going to solve the huge list of problems you listed (nor is it obvious that the money will be spend on any of those issues).
The real question with this ruling is how much it will cost all the Internet retailers to comply with the law.
Non one can seriously claim the lack of sales tax revenue from out of state shippers has that big of an impact on state and local revenue.
According to the article:
>...Broader taxing power will let state and local governments collect an extra $8 billion to $23 billion a year, according to various estimates.
As a comparison in 2012:
>...Tax revenues increased in all but five states in fiscal year 2012, with some recording noticeable gains. In all, states collected $794.6 billion, a record-high that represents a 13 percent increase from 2010 totals
http://www.governing.com/gov-data/state-tax-revenue-data.htm...
So even using the high estimates of 23 billion, that would be a small fraction of total state/local tax revenue. The extra few percent of revenue from taxing out of state businesses isn't going to solve the huge list of problems you listed (nor is it obvious that the money will be spend on any of those issues).
The real question with this ruling is how much it will cost all the Internet retailers to comply with the law.