Village Books

Ever given thought to where you buy from? Worried about budget cuts in the state or increased taxes. Take a moment and think about the following.

Buying Online to Avoid Tax Costs Everyone in the End

While economists nationwide argue over whether we have begun to recover from the Great Recession, one financial reality is beyond dispute. Our state is facing the biggest budget challenge in decades. Even in a slowly rebounding economy, Missouri is faced with a projected mid-year budget shortfall of $690million, which means that local governments -- even if they raise school and property taxes -- are going to be cutting support for such essential services as policing, fire fighting, and schools.

The enormous irony in this troubling story is that Missouri is allowing hundreds of millions of dollars in sales tax to go uncollected by allowing remote online retailers with a significant business presence in our state to ignore their obligation to collect sales tax.

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