http://www.ocregister.com/articles/amazon-306409-affiliate-california.html
Published: June 29, 2011
Updated: June 30, 2011 5:00 a.m.
Amazon ends deal with 25,000 California websites
Jan Norman Orange County Register
*** begin quote ***
Gov. Jerry Brown has signed into law California’s tax on Internet sales through affiliate advertising which will immediately cut small-business website revenue 20% to 30%, experts say.
*** and ***
Board of Equalization Member George Runner blasted Brown for signing the law. “Even as Governor Jerry Brown lifted his pen to sign this legislation, thousands of affiliates across California were losing their jobs. The so-called ‘Amazon tax’ is truly a lose-lose proposition for California. Not only won’t we see the promised revenues, we’ll actually lose income tax revenue as affiliates move to other states.”
*** end quote ***
Corelation?
Nah, how could there be. Aren’t “We, The Sheeple” stupid?
Like when MD taxed “millionaires” and the next year there were ⅓ less millionaires around to be taxed.
Now you might say “counterproductive”. I’d say “educational”.
Like stereotypical drug addicts, politicians are addicted to “spending other people’s money”. They feather their nests admirably during their time as “public servants”. Do you feel “serviced”? Like the stallion put out to stud and the taxpayers the mare getting <past tense synonym for the act of procreation>!
Now, think about the crooks in DC, who need trillions, and lo and behold what does their wandering doth see? But all your IRAs and 401Ks just ripe for the plucking. (Or are we back to the stallion and the mare again?) All they have to do is pass a diktat and strong arm about 2200 “custodians”.
With that be the last straw?
# # # # #
Reinke Faces Life 