LAS VEGAS, Feb. 24 /PRNewswire/ -- MarketNotes.biz announces the availability of a report addressing a potential Internet sales tax, its impact and likelihood. This perspective is provided to investors of online sellers eBay (NASDAQ:EBAY), Amazon.com (NASDAQ:AMZN), Overstock.com, Inc. (NASDAQ: OSTK), BIDZ.com, Inc. (NASDAQ:BIDZ), and LiveDeal, Inc. (NASDAQ:LIVE).
From the report: "Based on the desperate state of The States, it's hard not to think that it's more possible than ever. Online sales comprised roughly 8 percent of all retail sales in 2009 and totaled $234 billion, according to Forrester Research, an increase from $175 billion in 2007. As it stands, individual states get next to nothing from this revenue. Considering that most state's sales tax is in the 7-8% range, and if applied to these web-based sales, nearly 19 BILLION in potential tax revenue looms on the Internet horizon. With states like Nevada in civil wars about how to deal with enormous proposed cuts in once untouchable arenas such as education and fearful of increasing taxes in suffering industries such as the casino and resort sectors, a tax on Internet buyers beyond their borders could seem compelling." Investors can view the full commentary by visiting: http://www.marketnotes.biz/ - a division of Integrity Media Inc.
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702-396-1000
DATASOURCE: MarketNotes.biz CONTACT: Kurt Divich, Editor of Integrity Media Inc. / MarketNotes.biz, +1-702-396-1000 Web Site: http://www.marketnotes.biz/
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