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Detailed text transcripts for TV channel - MSNBC - 20130507:00:58:00

You. it is i think a little known fact to folks, i only only just found out, that you re supposed to pay these taxes. you re supposed to file in your tax return everything you bought over the internet, you re supposed to record what you bought over the internet, sales tax wasn t applied to, and literally not literally, that s not true, almost literally no one does this. the numbers are laughable. the point is, this tax, it already exists. what exactly is the policy rational for having a tax that exists that is in the law that is in the letter of the law and it goes completely uncollected when there is $23 billion of revenue for states laying on the table? chris, there really isn t $23 billion as you saw from your statistic, there is about $225 billion of e-commerce that goes on. almost half of it already has sales taxes because giant no, no, no. but, chris, this gets the key thing, is that there is sales tax collection on the internet. this isn t about the internet versus noninte ....

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Detailed text transcripts for TV channel - MSNBC - 20130507:07:58:00

Tax wasn t applied to, and literally not literally, that s not true, almost literally no one does this. the numbers are laughable. the point is, this tax, it already exists. what exactly is the policy rational for having a tax that exists that is in the law that is in the letter of the law and it goes completely uncollected when there is $23 billion of revenue for states laying on the table? chris, there really isn t $23 billion as you saw from your statistic, there is about $225 billion of e-commerce that goes on. almost half of it already has sales taxes because giant no, no, no. but, chris, this gets the key thing, is that there is sales tax collection on the internet. this isn t about the internet versus noninternet. large retailers who have facilities in each state have to collect. this is fighting about how tiny of a business are we going to treat like a giant business. and that s where this bill is out of whack. can i say this? sure. a mom and pop proprietor in new ....

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Detailed text transcripts for TV channel - MSNBC - 20130507:03:58:00

Supposed to record what you bought over the internet, sales tax wasn t applied to, and literally not literally, that s not true, almost literally no one does this. the numbers are laughable. the point is, this tax, it already exists. what exactly is the policy rational for having a tax that exists that is in the law that is in the letter of the law and it goes completely uncollected when there is $23 billion of revenue for states laying on the table? chris, there really isn t $23 billion as you saw from your statistic, there is about $225 billion of e-commerce that goes on. almost half of it already has sales taxes because giant no, no, no. but, chris, this gets the key thing, is that there is sales tax collection on the internet. this isn t about the internet versus noninternet. large retailers who have facilities in each state have to collect. this is fighting about how tiny of a business are we going to treat like a giant business. and that s where this bill is out of whack. ....

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