States push for unified sales tax to curb online evasion
A coalition called the Streamlined Sales Tax Project seeks a uniform code toPrompt online and catalog merchants to collect sales tax. States face billions in uncollected use taxes as e commerce grows and reckon with Quill v North Dakota limits. The effort targets 2005 nationwide effects with tech driven collection and new negotiations among states retailers and trade groups.
MENTIONED IN THIS ARTICLE
Streamlined
North Carolina
Massachusetts
N.C
Carolinas
Jeremy Sharrard
Forrester Research
Cambridge
Mass
Sharrard
Amazon.com
Supreme Court
Quill Corp
North Dakota
Congress
J.C. Penney
U.S
No excuses for failing to pay your income tax
Washington AP reports that while tens of millions pay and file, some insist on frivolous arguments. Courts have ruled there are no grounds in the Constitution or law to avoid filing or paying taxes. The 16th Amendment, ratified Feb 3 1913, authorizes the tax. Taxpayers may appeal via IRS and Tax Court but cannot disobey tax laws. Civil and criminal penalties may follow tax disputes.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
U.S. Tax Court
AMT Varies Hit Middle Class As Taxpayers Face New Burden
Washington AP reports the alternative minimum tax AMT will affect about 1.5 million returns in 2001 up from 828000 in 1998 and could reach nearly 15 million by 2010 without changes. The AMT is not fully indexed for inflation and targets high income rules leaving many middle class families subject to a 28 percent rate.
MENTIONED IN THIS ARTICLE
Washington
AMT
Rande Spiegelman
KPMG
Congress
Spiegelman
Congressional Joint Committee On Taxation
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