Moneyonthego.net: Taxes on Internet Sales Will Not Discourage Online Shoppers

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CNBC reports that Congress is becoming more and more inclined to implement taxes on Internet-based sales. Moneyonthego.net, an online shopping community, believes that the Internet-based shopping culture is too firmly developed for such a move to discourage consumers from taking to the World Wide Web.

CNBC reports that online sales taxes may be in the nation's future; as budget deficits continue to overshadow Congress, politicians appear more receptive than ever to the idea of implementing taxes on items purchased on the World Wide Web. While some individuals may assume that these taxes would discourage Internet shoppers, Moneyonthego.net believes that online shopping has become a culture that will not be deterred by taxes.

According to the article, the lack of taxes and other overhead costs for Internet-based companies, like online retail giant Amazon.com, has allowed these organizations to offer significantly lower prices than competing brick and mortar brands; however, not all individuals are convinced that the instatement of a tax will affect the market drastically enough to significantly decrease online sales.

The article reports: "According to the national average, Amazon.com's prices are about 12 percent lower than Wal-Mart. Many worry that adding an 8 percent online sales tax could decrease the incentive for online shopping, but the actual impact of the tax remains to be seen."

Dani Hughes, the founder and CEO of Divine Capital Markets, believes that today's culture supports Internet-based shopping too strongly for the tax to decrease online retail sales: "Collectively, we've moved to online shopping as a nation, and we're going to continue to see that."

Moneyonthego.net agrees. Through its online shopping community, the company offers more than competitive prices. Members of this Internet-based retailer are provided with an online shopping experience—they choose to belong to the retail culture that has flourished on the World Wide Web.

In addition to competitive prices, online shoppers benefit from convenience. By choosing to purchase items from the Internet, they are able to compare prices and products from countless brands and retail outlets. As such, the options available to online shoppers are significantly more diverse than those available to brick and mortar shoppers.

But there is more. Online shopping is a less stressful experience. Shoppers are able to peruse merchandise in the comfort of their homes. They do not have to use their gas and tow their children along through the mall.

Ultimately, Moneyonthego.net believes that, taxes or no taxes, online shopping is a culture that is here to stay.

ABOUT:

Moneyonthego.net is an online shopping destination that offers members convenient access to over 80,000 products, which are listed in its online Rewards Mall. Member-based in nature, Moneyonthego.net provides each user with a 2,500 dollar shopping credit that is good for products in the online shopping mall. Furthermore, Moneyonthego.net supplies members with a Prepaid MasterCard that earns one Reward Point for every dollar a member loads onto the prepaid card. Over the course of a month, members can redeem a maximum of 1,000 Reward Points by making purchases in the virtual shopping mall.

For more information about Moneyonthego.net, membership packages, and how to become a member, visit http://www.moneyonthego.net.

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Greg Bielawski
Moneyonthego.net
866-263-2156
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