The Discerning Texan
-- Edmund Burke
Wednesday, October 17, 2007
This year, Halloween could be a bit more hair-raising for American consumers, especially if they have an Internet connection.
October 31st is the last day Congress can act to extend or make permanent the Internet Tax Moratorium. If Congress chooses to do nothing (not always a bad thing in my view), the tax moratorium will expire and on November 1st, state and local jurisdictions would be allowed to impose taxes on broadband and Internet access. This would also represent the first major tax increase on consumers in almost eight years.
There are about 15,000 different taxing jurisdictions, so American consumers face the prospect of paying new taxes on everything from email to instant messaging and video downloads to spam or junk e-mail filters. With more than 65 million household broadband connections we're looking at more than $3 billion in new taxes if the Internet Tax Moratorium expires at the end of October.
I like this guy. Read the rest here.