Truman School of Public Affairs

(via Flickr/Anderson Mancini)

It appears that Missouri has lost about $2.3 billion in revenue over the past nine years because it does not collect sales taxes on purchases made over the Internet.

A report issued by the University of Missouri’s Truman School of Public Affairs says that averages out to around $468 million a year.  House Minority Floor Leader Jacob Hummel (D, St. Louis) says collecting taxes on Internet sales could help fund several critical needs, including K-12 schools.

“I think if you look at just levels of school funding, when adjusted for inflation, we’re back at levels in the early (19)90’s," Hummel said.  "Clearly this is a way to enhance revenue.”