What an Internet sales tax will cost you

Published On: May 06 2013 11:30:50 AM CDT   Updated On: May 06 2013 11:33:52 AM CDT

Find out how the proposed "Internet sales tax" would affect your online shopping.

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Currently, these online sellers are only required to collect tax in states where they have a physical presence, such as a store or warehouse. But under the proposed law, states would be able to require online sellers to collect sales tax if they have sales of at least $1 million in states where they don't have operations.

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