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IPI Policy Report - # 152 Author: Sonia Hoffman on 04/07/2000
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State Revenues Soar Despite Burgeoning Online Sales
For Immediate Release
For Further Information, Contact Sonia Hoffman, 1-888-557-4IPI
Dallas, TX: States are panicking that as online sales soar, state revenues will plummet. But this is just not so. According to a new study by Dr. Merrill Matthews for the Institute for Policy Innovation (IPI), state revenues are actually increasing, not decreasing.
According to IPI and Matthews, author of “Should We Tax the Internet,” both retail sales and state sales tax receipts have continued to grow during the 1990s, even with expanding Internet sales.
Any aggressive attempt to prescribe sales, access, use, or some other tax concoction for non-existent budget problems could prematurely end today’s economic boom, spurred by competitive prices between retail and online sales. Without such competition, prices would be higher and sales would be lower—which would actually cost the states money.
What: “Should We Tax the Internet?”
A Policy Report from the Institute for Policy Innovation (IPI)
Who: Dr. Merrill Matthews, IPI Visiting Scholar
When: Available immediately for TV, radio and print
By phone upon request
Where: Report copies available for download at www.ipi.org or by calling 1-888-557-4IPI
Please note that the author is available for interviews.
The Institute for Policy Innovation is a non-partisan, free-market economic public policy institute located in Lewisville, Texas. Please call Sonia Hoffman at 1-888-447-4IPI to arrange interviews.
