Guy Who Looks Out For Missouri Retailers Not Keen On Cyber Monday
(MissouriNet/Associated Press) JEFFERON CITY, Mo. - There's Black Friday, Small Business Saturday, but according to the head of the Missouri Retailers Association Cyber Monday really irritates brick and mortar stores.
David Overfelt says many out of state internet companies gloat that they don't have to pay state sales tax.
He says he and thousands of other people in Missouri started getting their holiday catalogs from cycber merchants weeks and weeks ago.
Overfelt says the loss of sales taz revenue cuts into county and local bugets which are needed to provide services.
He says its a national problem, not just Missouri's.
If Congress were to put a stop to Internet businesses that don't collect sales taxes, Overfelt says Missouri could see a windfall of 400 to 500 million dollars.
Some states have made agreements with internet companies that will collect state sales taxes and refund it to them.
Online retailers are trying to win over shoppers with some major deals.
Many retailers started their deals at midnight, like Amazon.com, which is offering as much as 60 percent off a Panasonic TV that's usually more than $1,000.
Sears is taking $430 off a Maytag washer and dryer and Kmart is taking 75 percent off diamond earrings.
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