During the 113th Congress, the United States Senate voted 69-27 to pass the Marketplace Fairness Act of 2013 bill on May 6th 2013. The Marketplace Fairness Act of 2013 (MFA) is a proposed legislation that would require online vendors to collect and submit all their sales tax and use tax. The bill still needs approval from the House of Representatives before it can become a law .Supporters of the bill are large retailers like Sears and Target, who claim they are at a price disadvantage because they have to charge sales tax on every sale while online retailers do not. On the other side are e-commerce companies such as eBay and Overstock.com, as well as small online merchants, who say that complying with 45 state sales laws and more than 9,000 jurisdictions is too much complicated and costly .
According to Congressional Digest, electronic commerce has enjoyed unfair advantage for many years by not having to acquire some taxes. The government is mainly responsible for this one-sided playing field toward online sellers. Many authorities believe that the Internet is essential to high productivity and economic growth and that preservation of the Internet potential is important. Indeed, president Bill Clinton signed the Internet Tax Freedom Act law in 1998 to prohibit any Internet access taxing – extended by succeeding presidents ever since.
Based on the current tax laws, online store merchants collect sales tax from in state consumers as similarly as “brick and mortar” stores charge sales tax when customers come into their stores. Online merchants, however, do not collect sales tax from consumers who shop from a different state. Out of state consumers are subject to a different tax, a use tax which is “a tax imposed on the use of certai...
... middle of paper ...
...eement – a collaborative achievement between state government and business community. Nevertheless, the Marketplace Fairness Act has a very slim chance to win the House of Representatives, because in spite of its simplified and modernized tax measure, the act will not eliminate the problem of complex multistate tax policies. Since each state has its own unique laws and tax codes, it is practically impossible to compel every state to follow the same simplification tax rule. Besides, given the heated controversy and universal impact of the bill, the politicians will look for ways to slow down the enactment as similar trouble has happened to the universal Obama HealthCare. No matter if the bill is enacted or not, one thing is certain that nothing is going to deter people from shopping online (not even sales tax) because shopping online is just too cheap and convenient.
By reviewing the state sales tax, and the income tax charged by thee three states, I can identify the type of tax that each one of them uses to acquire their revenue. Texas uses a regressive tax type, because it lacks of income tax revenue that divides each individual by brackets according to their incomes, while the sales tax charges everyone the same rate, regardless of their income, making this type of taxation a big problem for the poor. Utah also has a regressive tax because it charges a flat 5 percent from income Tax to e...
“Americans without insurance coverage will be able to choose the insurance coverage that works best for them in a new open, competitive insurance market – the same insurance market that every member of Congress will be required to use for their insurance. The insurance exchange will pool buying power and give Americans new affordable choices of private insurance plans that have to compete for their business based on cost and quality. Small business owners will not only be able to choose insurance coverage through this exchange, but will receive a new tax credit to help offset the cost of covering their employees.
1. What is the tone of this article? The tone of this article is kinda snotty but truthful in all ways.
Apart from Antitrust laws, there are several other laws that promote fair business practices. The Robinson-Patman Act prohibits price discrimination. This act ...
This essay will examine key aspects of the recent implementation of the Australian Consumer Law (ACL) 2011, which is the largest overhaul in Consumer Law in Australia in the past twenty five years. The ACL replaces 20 existing State and Territory laws into one national law , the legislation was enacted in two main parts as Schedule 2 of the renamed Trade Practices Act 1974 (Cth) (TPA) - Competition and Consumer Act 2010 (Cth) (CCA) . Aforementioned this essay it will outline the key benefits of the implementation of the act. Furthermore it will critique the Act, whilst exploring the objectives of the legislation.
The FairTax Act will replace these costly, oppressively complex and economically inefficient taxes with a progressive national retail sales tax, which would be levied on the final sale ...
The Australian Consumer Law (ACL) was established to protect consumers in any legal trading activities in Australia. A set of guarantees has also been introduced for those consumers who are acquiring goods and services from Australian suppliers, importers or manufacturers. The guarantees are intended to ensure that consumers will receive the goods or services they have paid for. If they have problems with the products and services they bought, they are entitled for remedies, such as repair, replacement, and refund.
Affirmative action, the act of giving preference to an individual for hiring or academic admission based on the race and/or gender of the individual has remained a controversial issue since its inception decades ago. Realizing its past mistake of discriminating against African Americans, women, and other minority groups; the state has legalized and demanded institutions to practice what many has now consider as reverse discrimination. “Victims” of reverse discrimination in college admissions have commonly complained that they were unfairly rejected admission due to their race. They claimed that because colleges wanted to promote diversity, the colleges will often prefer to accept applicants of another race who had significantly lower test scores and merit than the “victims”. In “Discrimination and Disidentification: The Fair-Start Defense of Affirmative Action”, Kenneth Himma responded to these criticisms by proposing to limit affirmative action to actions that negate unfair competitive advantages of white males established by institutions (Himma 277 L. Col.). Himma’s views were quickly challenged by his peers as Lisa Newton stated in “A Fair Defense of a False Start: A Reply to Kenneth Himma” that among other rationales, the Fair-Start Defense based on race and gender is a faulty justification for affirmative action (Newton 146 L. Col.). This paper will also argue that the Fair-Start Defense based on race and gender is a faulty justification for affirmative action because it cannot be fairly applied in the United States of America today. However, affirmative action should still be allowed and reserved for individuals whom the state unfairly discriminates today.
Section 2 outlaws price discrimination when it isn’t justified on the basis of cost differences and when it reduces competition.
The Affordable Care Act was a critical step towards universal healthcare. Twenty-nine million Americans are still without health care coverage. Expanding the accessibility to the ACA and reducing the cost is necessary. The U.S. spends more on health care per person than any other advanced nation in the world. Reducing the complexity of the tax credit program is the first step to improving the ACA. The premium tax credit is a refundable tax credit designed to help eligible individuals and families with low or moderate income afford health insurance purchased through the Health Insurance Marketplace. There are requirements made for the Marketplace by the Department of Health and Human Services that have to do with whether you are eligible or not
Taxes in relation to the new healthcare reform is a prominent topic when one examines the supporting and opposing sides of the law. New taxes on businesses producing medical equipment and new Medicare taxes on investments have been established. For individuals and businesses choosing not to participate in purchasing health insurance there will be a penalty called a "shared responsibility" tax. The accrued money from these taxes is being used, among other things, to provide low-cost insurance plans on the marketplace and to create subsidies for those purchasing the plans. Through these subsidies, "any individual making up to $45,960 or a family of four with household income up to $94,200 is eligible" ("Obamacare tax guide") to qualify and get assistance at the end of each year to off-set the cost of the insurance even more...
This paper will take into account the Affordable Care Act (ACA) Law and how all three branches of government are involved with the creation and analyze issues associated with the ACA. Subsequently the paper will describe the role of public opinion and lobbying groups. Thirdly this paper will evaluate the concepts of equity, efficiency, and effectiveness showcasing their role in the law and its passage. This paper will take into consideration the anticipated effects on cost, quality, and access, including discussing the balance of markets and the government. In closing this paper will highlight the anticipated effects on Medicare and aging as well as Medicaid and the poor. The ACA was signed on March 23, 2010 with the intention to offer all U.S. Citizens and residents a qualifying health care coverage plan. The law’s focus is to expand coverage, control health care cost, and improve health care delivery system.
There once was a time where dinosaurs roamed the earth. Some dinosaurs were stronger than others, making them the superior creatures. The Tyrannosaurus Rex is not that different from a corporate empire; both T-Rexes and monopolies ruled the land with little to no competition. They devoured the weak, crushed the opposition, and made sure they were king, but then, all of a sudden, they were extinct. The giants that once were predators became prey, whether it be a natural disaster or the Antitrust laws they no longer had control over the whole. The Antitrust laws have had a positive impact on American society through restricting monopolies; ensuring that no single business can control a market then using that power to exploit customers, protecting the public from price fixing, and producing new higher quality and innovative products through competition.
Internet is a powerful tool that allows users to collaborate and interact with others all over the world conveniently and relatively safely. It has allowed education and trade to be accessed easily and quickly, but all these benefits do not come without very taxing costs. This is especially true when dealing with the likes of the Internet. Countries in the European Union and Asia have realized this and have taken action against the threat of net neutrality to protect their citizens, even at the cost of online privacy. Internet censorship is required to protect us from our opinions and vices. Every country should adopt Internet censorship and regulation since it improves society by reducing pornography, racism/prejudice, and online identity theft.
The Internet began in 1969 as a project “ARPANET” funded by the U.S. Government, since then the use of the Internet has exploded. The number of users who use the Internet has rapidly grown from 738 million in 2000 to 3.2 billion users according to a new report from the International Telecommunication Union. The Internet is constantly expanding and evolving and the use of government regulation on the internet has become a big issue. Censorship of the Internet has be suggested to prevent many things such as pornography, hateful speech, and instructions to make bombs. Censorship of this content has be justified to lead to the greater good, even if consumers are limited to the information they can find or put on the internet. The internet it a