Internet Sales Tax
Last week's Supreme Court ruling (South Dakota v. Wayfair, No. 17-494) may change the way people shop. Large internet retailers will now be compelled to charge sales tax on all internet sales in the U.S.
There's a silver lining in the decision. Individual states can exempt smaller internet sellers who would be significantly burdened by collecting and distributing sales tax to each state and local government. The ruling should encourage consumers to shop in local brick and mortar stores and to purchase from small internet stores like Highwater Filters.
Not only will it boost state and local tax revenue but it will help small businesses that have been struggling or failing because of competition from large e-commerce sellers.
Thank you for supporting small businesses.