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Word Count: 406
Everyday people all over the United States and the World make millions of transactions over the World Wide Web that result in billions of dollars changing hands The Internet has been one of the major phenomenons of our time with this being so it hard to believe that something bad could result from this Well many government officials are trying to put an end to the exchange of money over the Internet not directly but indirectly through means of taxation laws Currently the Internet and e-commerce has escalated the US economy many times higher than the rest of the world This has only happened because people like to buy over the Internet Though our current economic and technological status of greatness may be in jeopardy if purchases made over the Internet are to be taxed Purchases made online should not be taxed because it will cause a disruption in our economy and a decline in technological advancesWith the Internet being used worldwide and with our country being at the center of this event we need to preserve what we have Many concerns and issues would arise if the Internet is taxed First of all we cant tax foreign countries This presents a major problem as foreign countries make up for twenty two percent of the USs e-commerce profits If the US decided to tax its own Internet companies many negative changes would occur in our economy The changes that will occur if the Internet is taxed include the flow of money out of our country instead of money flowing into our economy If e-commerce stores here in America have charge sales tax the final price of the product is increased and that increase in price goes straight to the US governments pocket Thus foreign countries arent going to allow purchases from the US why should foreign countries have to support our government Again one has to be reminded that the Internet is worldwide and by
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