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E-Taxes And Federalism: The Internet E-conomy Is Virtually Redefining The U.S. Tax System

            The question is whether or not (and how) Congress should employ a new sales tax policy to interact with electronic commerce. This matter has put Congress at odds with the states on the subject of federalism and has recently become one of the most talked-about issues in partisan politics.
             Those that support continuing the exemption from taxing e-commerce and mail order shipments usually tend to be conservative. These individuals claim that trying to implement traditional tax rules would negatively benefit this new division of the economy and that e-commerce poses only a minimal threat to traditional businesses, since internet companies tend to go out bankrupt.
             Those in favor of developing a taxation plan for e-commerce argue that transactions should be taxed to benefit the state and local governments, citing the millions of dollars that are lost each year due to internet purchases. .
             I personally believe that the latter has a better argument, however, I think that we should continue the exemptions as they are today. I feel that traditional businesses still have the benefits of personal service and physical location that e-commerce will never be able to compete with.
             If there were uniform, nationwide taxes on internet transactions, the only incentive for a consumer to buy online would be convenience. If the taxes had no effect on the number of purchases then the states would ultimately have a surplus of tax money. If the tax did minimize internet purchases, many internet companies would go out of business and parcel services would have to reorganize, while the states would continue to benefit from the consumers buying from local stores.
            


Essays Related to E-Taxes And Federalism: The Internet E-conomy Is Virtually Redefining The U.S. Tax System

1. Federalism

INTRODUCTION TO FEDERALISM Federalism is the form of government in the united states where separate states are united under one central authority but with specific powers granted to both components in a written constitution .Patrick Henry coined the word in 1788 when, during the Virginia ratification convention debates over the proposed U.S Constitution ,he angrily asked, "Is this federalism?."" ... During the 1930s the new deal redefined federalism and saved the economy by recognizing federal responsibility over many areas of public and private activity that previously had been unreg...

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2. Federalism

Federalism is a basic provision of the U.S. ... Federalism, which come from the Latin foedus or "covenant", is: one, the philosophy that describes the governmental system created by the Framers, and two, the sharing of power between the states and the national government (Marshall, 2). ... Last is the federal system of government. ... Therefore, federalism is a better choice. ... It should also be noted that although most communist systems are classified as unitary, this does not have to be the case; the former USSR was a communist country and a federation, at least in its internal structu...

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3. Federalism

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4. Federalism: Checks and Balances

Thus, virtually all of the original federal government's responsibilities revolved around its commerce power. ... The first and most important case favoring national power over the economy was McCulloch v. ... John Marshall answered that the power was implied by the expressed powers, most notably the powers to lay and collect taxes, and to regulate commerce. ... Section 8 of the constitution proves that Congress has the power to collect taxes, borrow money, and regulate commerce. ... In the Watergate scandal (U.S vs. ...

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5. A Non-Partisan Perspective on Federalism

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6. internet

This is where internet comes in. ... A new world in our lives submerged and started to populate over the years with many kinds of pc of different systems. ... With our lives now half of our time inside the screen, we gain the ability to recreate ourselves virtually in this new world. ... Convincingly the internet it is one of the most successful bossiness for online shopping since it has managed its move to Internet commerce as well. The business community has enjoyed many advantages in bringing its business to the Internet, but the two most important factors in establishing its on-line prese...

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7. Effects of taxing Internet commerce

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8. Nation Centered vs. State Centered Federalism

Federalism is a political system in which power is divided between a national or central government and the states. Federalism has been a contentious and dynamic system. ... State centered federalism is a system where the states retain most of the functions and powers of government. ... Revenue sharing -funds were provided to states based on a specific formula such as population, tax effect and income levels. 3. ... I believe the goal of federalism is to give each level of government its own power with the objective being to develop a system where services can be best delivered to the cit...

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9. Federalism

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