Another horrible idea out of Washington that craps on the 99%.

Amazon okayed the The Marketplace Fairness Act, which aims to close sales tax loopholes, because it had the "appropriate provisions," said Amazon Vice President Paul Misener at a Judiciary Committee meeting today. Those "appropriate provisions" include a very low exemption for small businesses at $500,000 a year in sales, meaning most Internet sellers would have to collect the fees. A giant company like Amazon can survive with these impositions, but for a small retailer, the taxes can put them out of business.


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