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WASHINGTON, DC - APRIL 23: (L-R) Sen. Lamar Alexander (R-TN), Sen. Mike Enzi (R-WY), Peter Sides of the Robert M. Sides Family Music Center, Sen. Heidi Heitkamp (D-ND) and Senate Majority Whip Richard Durbin (D-IL) participate in a news conference about the Marketplace Fairness Act in the Dirksen Senate Office Building on Capitol Hill April 23, 2013 in Washington, DC. According to the bill's authors, the proposed legislation would provide states with the authority to require out-of-state retailers to collect and remit tax on purchases shipped into the state, allowing brick-and-mortar retailers to compete with online retailers. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - APRIL 23: (L-R) Sen. Lamar Alexander (R-TN), Sen. Mike Enzi (R-WY), Peter Sides of the Robert M. Sides Family Music Center, Sen. Heidi Heitkamp (D-ND) and Senate Majority Whip Richard Durbin (D-IL) participate in a news conference about the Marketplace Fairness Act in the Dirksen Senate Office Building on Capitol Hill April 23, 2013 in Washington, DC. According to the bill's authors, the proposed legislation would provide states with the authority to require out-of-state retailers to collect and remit tax on purchases shipped into the state, allowing brick-and-mortar retailers to compete with online retailers. (Photo by Chip Somodevilla/Getty Images)
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Do We Really Need An Internet Tax?

Assuming online retailers could realize a nice 3% profit after expenses there would be a taxable income of $6.75 billion — hardly a national debt busting amount in a trillion dollar plus economy.

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