Let the Good Times Roll: 7 More Years of No Internet Tax
October 26, 2007 1:59 PM
comment(s) - last by
Congress and the House decided once more to not tax the Internet!
The U.S. Congress and Senate once again agreed to a bipartisan resolution that extends the Internet tax moratorium.
The highly debated issue saw strong support for keeping the Internet tax free from both those in the industry and from grass roots movements. ISPs strongly opposed any sort of taxation as it would hurt their revenues by driving away customers. Users, who joined movements such as the "Don't Tax Our Web Coalition," did not want to be taxed either, as taxation would likely mean higher service charges.
A tax moratorium was originally instituted in 1998 Internet Tax Freedom Act. It was extended twice already, in 2001 and 2004, but has not been permanently passed into law.
The house and senate disagreed on the exact length to ban taxation. The House passed a resolution calling for a four year ban. The Senate wanted a seven year ban. Both legislative bodies saw strong bipartisan support for some kind of ban, though.
Senator Ted Stevens (R-AK) was enthusiastic about the tax moratorium. He elaborated:
"The Internet has provided a powerful economic boost to our nation,and has become an important everyday tool for millions of Americans. By keeping Internet access tax-free and affordable,Congress can encourage Internet use for distance learning,telemedicine, commerce and other important services."
Sadly, the internet is not entirely tax free. The IRS is
pushing a proposal
as part of this year's budget proposal to track user income made on sites such as eBay. They plan to use this information to adjust people's income accordingly.
The proposal for extension of the 1998 Internet Tax Freedom Act will now go to a panel composed of House and Senate members which will iron out the differences between the House and Senate's passed proposals and submit a single proposal to the President.
Should the Internet be tax free? The answer according to the public seems to be overwhelming yes. However, your income from private Internet sales soon will be taxable.
This article is over a month old, voting and posting comments is disabled
10/27/2007 12:57:04 AM
Well let's see, a person on eBay (I'm assuming) has a house and an internet connection to pay for. I don't think just doing this out of a public library is much of an option.
"When an individual makes a copy of a song for himself, I suppose we can say he stole a song." -- Sony BMG attorney Jennifer Pariser
IRS Wants to Tax Online Sales
May 8, 2007, 9:30 AM
eBay to Spin Off PayPal Business Next Year
September 30, 2014, 7:28 AM
Facebook to Use Your Browsing Data to Sell Offsite Display Ads
September 29, 2014, 3:52 PM
After Microsoft Complains, EU Rejects Google's Search Settlement for Second Time
September 23, 2014, 4:58 PM
Microsoft Expands Free Office 365 to All College Students
September 22, 2014, 3:21 PM
Apple Adds New Password Protection for Third Party iCloud Apps
September 17, 2014, 8:50 PM
Facebook Tests Moments App, Aims to Keep Your Private Memories Private
September 17, 2014, 5:46 PM
Most Popular Articles
Appalling Negligence: Decade-Old Windows XPe Holes Led to Home Depot Hack
September 8, 2014, 8:58 PM
iBend: Reports Grow of Razor-Thin iPhone 6+ Folding Like Origami in Your Pocket
September 23, 2014, 6:08 PM
New AT&T Mobile Share Value "Double Data" Promotion Lasts Through October
September 28, 2014, 8:32 AM
Update: Apple Releases iOS 8.0.2 Update to Make Up for Botched 8.0.1 Release
September 25, 2014, 8:19 PM
TiVo Mega Features 24TB of Storage, Can Record Three Years* Worth of TV Content
September 8, 2014, 8:45 AM
Latest Blog Posts
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information