Taxing the Internet: Lessons from Illinois

Illinois Policy Institute reports:

Just call it an Internet get-rich scheme that didn’t work out. Only this time it’s the people of Illinois who were left holding the bag. Two years ago, Illinois legislators passed the “Amazon tax,” a tax on Internet commerce designed to help fill state coffers. Instead, it has generated only a tiny fraction of the revenue once projected and it has resulted in jobs leaving the state. The Amazon tax requires online retailers to pay Illinois taxes even if they don't have a physical presence in the state.

The greed the Illinois lawmakers on display.