A multibillion-dollar argument that will directly affect consumers, cash-strapped states and companies large and small goes before the U.S. Supreme Court Tuesday. More than 50 years ago, the justices ruled that companies do not have to collect sales taxes for out-of-state purchases. The court reaffirmed that ruling in 1992, but that was before the Internet revolutionized the economy. Now the court has decided to take another look at the issue. When Amazon founder Jeff Bezos, at age 30, started selling books online out of his garage in Seattle, he had no idea that Amazon would become the online behemoth it is today. "What's actually happened over the last four years, you know, I'm the most surprised person on the planet," Bezos told NPR in 1999. So...
READ MORE >
Will You Soon Have To Pay Sales Tax On Every Online Purchase?