And if you want to know why sales tax revenues are decreasing…
If you’ve heard any of “Team Montgomery County” talk (that’s what the three county commissioners are now referring to themselves as), you’ve heard “We live and die by the sales tax.”
So, if you are wondering why the county is feeling a squeeze, look at online sales:
Report: Online retail sales could reach $204B – Dayton Business Journal:
The National Retail Federation is forecasting $204 billion in retail sales over the Internet in 2008, while the rest of the retail industry expects sluggish growth.
According to the NRA’s Shop.org annual survey, The State of Retailing Online 2008, the expected $204 billion is a 17 percent increase over last year.
The sales categories expected to do the best include apparel, with $26.6 billion, computers at $23.9 billion, and autos at $19.3 billion.
If you buy from Amazon.com, you aren’t paying sales tax. Same goes for any other business that doesn’t have a physical presence in Ohio.
That’s why I believe we need to institute a national online sales tax- at one simple rate, say 3% and put it all into education doled out per student. A nice equitable way to help balance education funding across the nation.