Today’s Washington Post includes an article on Virginia politics that, among other things, purports to explain why the Marketplace Fairness Act is needed to achieve fairness. Brick-and-mortar tennis specialty shop owner Justin Wilson is featured prominently, presumably because he’s giving up:
“Six percent on a $200 racket is 12 dollars they don’t have to pay me,” he said. “I put up the white flag. It’s just simply not worth it.”
Wilson and other Virginia business owners are frustrated with Congress’s failure to act on a bill that would force online retailers without a brick and mortar presence in states such as Virginia to levy sales tax at the point of purchase.
Reporter Jenna Portnoy does not cite any other Virginia business owners, so it is reasonable to infer that she completely believes Justin Wilson’s explanation.
But does Wilson’s explanation make economic sense?