Taxes

A growing number of states are considering taxing songs from iTunes to relieve their strained budgets, though at least one state may buck the trend in the hopes of appearing more tech-friendly.

A state legislator in North Dakota last week introduced a bill to explicitly exempt digital goods such as digital music or movies, digital books, or ringtones from the state's sales tax and use tax. A hearing on the bill is scheduled for next week.

At least 17 states currently collect taxes on digital goods, and a handful more may join them. A bill was introduced last week … Read more

Correction at 9 a.m. PST: Tim Geithner's nomination status has been corrected. His nomination has not come up for a full Senate vote yet.

This was originally posted at ZDNet's Between the Lines.

Treasury Secretary nominee Tim Geithner--the man who hopes to be entrusted with overseeing the Internal Revenue Service and a remaining $350 billion in bailout funds--apparently isn't so smooth when it comes to Intuit's TurboTax.

His mention of TurboTax as he tried to explain away back taxes during a confirmation hearing last week highlights two common problems in IT: users vs. software, and … Read more

In an economy gone sour, local governments seeking new sources of tax revenue have begun hungrily eyeing their residents' monthly cell phone bills. But some members of Congress would like to block that, which has sparked a debate in Washington about federalism, tax policy, and fairness.

Introduced in April by Rep. Zoe Lofgren, D-Calif., the Cell Tax Fairness Act would impose a five-year moratorium on what the bill describes as any "new discriminatory tax" on wireless services and providers. Foes and supporters of the measure showed up Thursday in front of the House Judiciary Committee's subcommittee on … Read more

If you enjoy buying music from iTunes, movies from Amazon.com's Unbox, or computer software from anywhere, be warned: the halcyon days of tax-free digital purchases may be over.

With retail e-commerce sales now estimated to exceed $130 billion a year, and iTunes song purchases topping 5 billion, state politicians and tax collectors have begun to levy new fees on digital downloads.

Call it the iTax. In 2008 alone, at least nine states have considered digital download taxes, and at least five of those states have enacted them into law. Nebraska's governor signed a digital download tax bill … Read more

The whopping housing bill that President Bush signed into law last week does far more than merely address the nation's real estate woes. Some sections have raised serious privacy concerns.

Tucked in near the end of the Housing and Economic Recovery Act is a requirement that banks and online payment networks annually collect and report to the IRS electronic payments made to online merchants. It takes effect in 2011, and will affect what information companies like PayPal collect from their sellers and could raise privacy and auditing complications.

The housing bill also finalized the SAFE Mortgage Licensing Act. As … Read more

q&a SAN JOSE--T.J. Rodgers is an unapologetic capitalist who happens to be the chief executive of San Jose, Calif.'s, Cypress Semiconductor. The two roles, as you'll soon see, are deeply intertwined.

Cypress' product catalog includes things like programmable logic devices, USB controllers, and SRAM chips--the basic building blocks of modern gadgets and computers.

Today in Silicon Valley, though, Rodgers is just as well-known for his role in buying and building up SunPower, which sells rooftop solar systems that provide power at prices competitive with utility rates. SunPower's market capitalization is more than $5 billion, … Read more

q&a SAN JOSE, Calif.--T.J. Rodgers is an unapologetic capitalist who happens to be the chief executive of San Jose's Cypress Semiconductor. The two roles, as you'll soon see, are deeply intertwined.

Cypress's product catalog includes things like programmable logic devices, USB controllers, and SRAM chips--the basic building blocks of modern gadgets and computers.

Today in Silicon Valley, though, Rodgers is just as well known for his role in buying and building up SunPower, which sells rooftop solar systems that provide power at prices competitive with utility rates. SunPower's market capitalization is more … Read more

Who would be the most tech-friendly president?

The short answer: it depends. Do you like the idea of Net neutrality so much that you'd hand the Federal Communications Commission the authority to levy open-ended Internet regulations? Do you support pro-fair use changes to copyright law, which many programmers and computer scientists do--but which practically all software and video game companies oppose?

To help clear things up for our readers living in the 24 states that are holding primaries or caucuses on Tuesday, we've assembled a sketch of the leading contenders' technology-related positions in the following chart.

And to … Read more

Democrats in the U.S. Congress failed on Thursday to protect Internet users from higher taxes.

The Senate Commerce committee, chaired by Sen. Daniel Inouye (D-Hawaii), mysteriously killed a vote on an Internet tax bill that was supposed to take place at 2:30 p.m. ET. With a laugh but no explanation, Inouye simply told the hearing room it wasn't going to happen.

Normally postponements of votes would be mere congressional background noise. This is different because, as we wrote about earlier this month, a temporary federal moratorium on Internet access taxes expires on November 1.

If a … Read more