If you're like me then you love shopping online. But that might just more expensive for you after a Supreme Court ruling Yesterday (June 21) overturned a a tax-related 1992 ruling giving states and local governments the ability now to collect possibly billions in internet sales tax from customers. As it stood previously in the original 1992 ruling from Quill v. North Dakota, the Govt focused on catalog and mail-order purchases and required that businesses must have a physical presence within a state for the state to collect income taxes. Now after a 5-4 vote, Taxes can be collected by any online business regardless if they have a physical location. Learn more on this story here.
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