#4. Expanding Internet sales taxes, based on inflated expectations and inadequate simplification

What’s so AWFUL? Overblown tax revenue estimates are luring states into a system where costs could outweigh benefits.    

Florida and Virginia are the latest states betting on inflated tax collection estimates if they embrace a nationwide sales tax regime called the Streamlined Sales Tax (SST).

For a decade, the SST sought to reduce the burden of sales tax collection on interstate commerce, as held by the Supreme Court’s Quill decision. However, the SST is not nearly simple enough.

Moreover, recent research proves that the lost revenue from taxes on out-of-state purchases is grossly overstated.

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