Maryland officials are working on a study to find out just how much tax revenue the state is losing to Internet sales and what could be done to recapture the money.
In an April letter, Gov. Martin O'Malley asked Comptroller Peter Franchot to study the issue. The comptroller asked the Maryland Bureau of Revenue Estimates last month to prepare the study, which is expected to be done by the end of summer.
Franchot said he believes lawmakers are likely to take up the issue within the next year.
"It's a fair application of existing taxes," Franchot said. "It's a business fairness issue, and it's increasingly a revenue issue because of the greater use of the Internet."
While they're at it - they should study how much tax revenue is being lost to Delaware...then put that together with how much commerce they're driving from the state with the sales taxes. With that they'll have the data to allow them to understand (I didn't say they had the brains / sense)how their policies are choking the state.
ReplyDeletemd loses alot in taxes to delaware, virginia, and the internet
ReplyDeletemaybe if the lowered them they would compete better
Revenue loss?
ReplyDeleteThey act like the money belongs to them and the people just have permission to use it.
Franchot hasn't even announced his intent to run for Governor yet but he's already discussing tax increases. Does ANYBODY in MD ever discuss spending cuts?
ReplyDeleteThis would be a regressive tax. Targeted at the majority of people that live in rural areas outside of the Baltimore metropolis. They know that the Eastern Shore and Western Maryland don't have easy access to the same retailers that are available in the city and want to make us pay for it.
ReplyDelete8:36 has it right. Once in office, or once ANY authority is handed to our "leaders", they tend to believe THEY own our land, our waters, and our wallets. We (the people) are merely their serfs, not smart enough to manage our lives, our families, or land, or our money. Think how far we've come with their thinking and methods....
ReplyDelete