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Supreme Court opens the door to online sales taxes

People walking in front of the Supreme Court
Photo: Chip Somodevilla/Getty Images

The Supreme Court today paved the way for states to begin collecting sales taxes from online vendors. In a 5-4 decision, the court threw out a precedent that had blocked online sales taxes.

Why it matters: Online retailers likely will have to pay billions more in taxes each year. Although some large online retailers like Amazon already collect sales taxes, smaller vendors don't.