Students might soon receive a tax when purchasing their online textbooks, or when purchasing anything online for that matter.
Online retailers were hit hard on Thursday, June 21, after the U.S. Supreme court ruled that states can require online retailers to collect a sales tax.
“As a poor college student and a theater major, I often need to buy books that are not on my book list to help with my work: plays, textbooks, etc,” said Patrick Carlile, a senior. “Now it’s just more money out of my pocket.”
The debate over an online tax has been on the mind of consumers for quite some time.
“I think it’s way overdue,” said Jane Stepherson, a sophomore studying recreational management. “It’s fair for the state of Idaho. Any tax that has been charged before goes to Washington where Amazon is located. It has really hurt us in the past.”
South Dakota recently passed a law that would levy an online sales tax. The state requested that the law would be upheld by the Court. South Dakota and many others see this as a U.S. victory.
Big Supreme Court win on internet sales tax – about time! Big victory for fairness and for our country. Great victory for consumers and retailers.
— Donald J. Trump (@realDonaldTrump) June 21, 2018
“The 5-4 decision broke with 50 years’ worth of legal rulings that barred states from imposing a sales tax on most purchases their residents make from out of state retailers,” NBC reported.
The ruling will not require all online retailers to charge sales tax. Larger companies such as Amazon and Overstock will be compelled to, but the decision suggests that smaller online companies will not be required.
Professional YouTube personality, Stuart Petty, a sophomore studying communication, often purchases gear for work online.
“Honestly, I don’t think a whole lot about taxes,” he said. ” As a kid, my mom would tell me I needed to earn a few more cents for tax when I was trying to earn money to buy a new toy. So taxes have always just been hand in hand with buying things to me.”
According to CNBC, Amazon, Overstock, eBay and Etsy, all experienced a slide in shares immediately following the ruling.
For those looking to avoid an online sales tax on that new computer for the fall semester, it might not be a bad idea to get shopping before new laws take effect.