2008_08_amazrob.jpgThe Independent Budget Office has done a study on that controversial topic--taxing Internet retailers for goods bought in NY State. The IBO suggests the city could earn tens of millions with an Internet sales tax, estimating that $29 million was "lost" between July 2006 and June 2007 on goods brought online. Further, the $2.2 billion of goods bought online last year is taxable, and the city could have made $82 million and the state $91 million. The study say, "In recent years the sales tax has comprised a declining share of total city tax revenues. Rising levels of untaxed Internet sales is likely one of the reasons for this decline." You can read the report here (PDF). And while Governor Paterson is pro-Internet sales tax, Amazon is currently suing NY State.