Wednesday, July 18, 2012

Books & Taxes

They get you sooner or later…is nothing sacred from the taxman?
According to Smart Moneyz: "Republican governors are gradually easing their longtime opposition to sales taxes on online purchases. This will push up the price for the wide variety of tangible goods sold on sites like Amazon. Most Americans who read books on their Kindles, Nooks and iPads have been exempt from taxes, but getting a piece of such sales may be irresistible to cash-strapped governments, experts say. 'It's become too big a market to ignore,' says Carolynn Iafrate Kranz, chief operating officer at Industry Sales Tax Solutions."

Sales tax on online purchases of e-books is not really a left or right-wing issue collectively, but just another way of dinging the pleasures of reading many of us enjoy.

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