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Finding ways to spend online sales taxes even before congress -- approve that very new tax with more on this story is.
Elizabeth McDonald with the Mac's bottom line so there will be spending and having done.
Did the planning it's on the vice president you have to spend money to make money have you seen -- -- -- -- -- the door so what we're talking about as -- point three billion dollars in new Internet sales taxes.
The thing is this so we passed the senate and hasn't -- passed the house yet but are -- we're hearing -- of the Wall Street Journal a number of states have plans on how to spend the money that's not even in the door yet constantly talking about Marilyn Virginia keep the next state gas taxes low.
Other states is saying we may cut the personal income tax DC wants suspended -- housing for the homeless and other thing is.
And again with -- there's a Supreme Court decision's been out there since 1992 that means that this in and attacks could be killed.
From that -- -- that 1990 tax accidents as scotus decision insists he can retailers could only collect sales taxes that they have a physical presence in the state.
Including -- -- warehouse so you know the house consider this a -- -- and that this because the Supreme Court decision because right now they're talking about one online.
99000 by 9000 tax service because you have.
A different 9000 different taxing jurisdictions in statement about the level so I don't think this thing flies I think that.
The fact that states are doing this -- -- talking that we suspended.
Remember California talked about how to spend the FaceBook IPO capital gains tax every day I was in the door and then what if California had to do they -- that dollar amount the expected for the FaceBook IPO.
From 2.5 billion to one point nine billion to one point three until -- done and we don't even -- I -- the problem would this would states doing this for your viewers is this.
When states start canceling in their budgets how much tax revenues expect from future attacks now.
And attacks were with taxes don't fly.
That but line item stays in concrete and -- often have to raise other taxes.
That line items so that's why this is a really bad practice for your Q do you think this is gonna end up back in front of the US Supreme Court the -- I don't I think it I think to fly by the house and Internet sales tax I mean that -- there's really serious.
Issue and whether or not -- faces of miniature in the house of faces right now -- unclear future and house intranet so's Texas who knows like to be wrong.
Think you mean.
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