so spring skiing? i m sure maybe they like it? shepard: i guarantee you. a silver lining there. we ll watch the flood waters and keep you posted. shepard: wish them the best. janice, thank you. we might soon have to start paying taxes on everything we buy online. our good friends in the u.s. senate are moving forward with a bill that would give states stae greenlight that require internetnet retailers charge taxes on all purchases. it s call the marketplace fairness act. affects sites like ebay. the companies will spend tax money to the each state just like brick and mortar businesses. critics say it s another tax. well, it is. rick newman is here. the author of the book rebounders, how winners pivot from setback to success. had to figure this was coming.
officials across several states have asked for help. this is several towns in illinois near the mississippi river. the state governor declared four dozen counties disaster areas. many homes devastated. the rain was so intense it was like a waterfall, they said. we were bailing and urging it down the drain pipes, and until the window burst. the basement window burst from the water and people parading outside. the flooding caused to $30,000 in damage to her place. lots of other families telling similar stories. let s get to janice bean, the weather machine. it just keeps coming. springtime is going to bring floodsment unfortunately we re getting more rain on top of the areas that received five to eight inches of rainfall. and we super imposed the radar over the flood warnings across the mississippi river, the tribute tears that feed into the
shepard: you wonder if you live in a nontax state, couldn t set up a drop stop , place where you can send it to me and i ll send it to you. credit a middle man situation. some entrepreneurs might come up with that and we ll see other middle men with ideas to help mostly the businesses figure out how to deal with it. it s complicated for them but a lot of the complexities can be dealt with. it didn t seem fair the recall rules were a. for one group and b. for another group that are doing the same thing there should never be the word fairness in the bills coming out of washington but that problem is physical stores are required to collect the tax and they re disadvantaged to online retailers who don t have to pay the tax. so inanybody needs a break it s the main stream, but the real goal is to give nobody an advantage and have this apply to everybody equally. shepard: rick, thank you. the father says he heard a
i don t think this one is oxable. it s just applying tacks that are already in place to purchases that are now vote of exempted through kind of a loophole from here s ordinary states so if you live in state without a sales tax like maryland montana or delware, you wasn t pay. if you live in the other 45 states this bill would only require you to pay the same tax on internet purchases you pay if you go to the store. if you pay 8.75 in s in your sis you pay the same online. yes. the reason this is in place is the law governing state sales taxes was before anybody shopped online. so this is catching up with technology. the supreme court that case dates to 1992. up in of these companies did. so we re figuring out how to do the catchup to technology that is way ahead.