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convey enormous amounts of privacy to these web retailers and nobody sees to complain about that. in fact, they're much more intrucive -- >> i guess the argument would be made, well, that's not the government, they don't have police powers. amazon and american express don't have police powers. >> the issue is it's not just the government doing it, people are worried about what will be done with this information. i think your information is obviously given the story of target stores is more at risk in the private sector than the nsa. >> the nsa actually has no police powers. the nsa just gathering -- >> excellent point. >> reams of information for possible clues that they would pass on, let's say, if someone is calling from pakistan, a known terrorist, is calling a number in utah, you know, ten times in the span of two weeks. they would pass it on to the fbi. which then would look into it, we have to get a warrant -- >> you have to get a warrant. >> it's like police gathering tips. >> what about this report by the president's appointed panel,
pay when you shop online. christine romans explains how this will affect your money. >> wolf, on the biggest online shopping day of the year, no less, the supreme court punting on the most important issue in retail right now. and that means millions of people may now have to pay state tax on their online purchases. now, states have been putting pressure on internet retailers to collect sales tax and amazon.com and overstock.com fought this effort with different results in different courts. it's a patchwork now of rulings and laws. now that the supreme court has decided not to the weigh in, states are likely to pursue the estimated $23 billion in uncollected sales taxes from web retailers. an increasing number of tats like new york have passed laws forcing internet-based retailers to collect taxes. amazon and overstock complained saying they don't have physical presence in that state. most retail analysts say the court is essentially ending a 20-year tradition of no sales
same taxes. uncollected sales tax, so the states want to find ways to get that tax revenue from web retailers. the sproem court decided not to get involved in appeals from amazon and overstock.com. the court let stand a ruling from a new york court requiring that internet retailers collect sale taxes even if they have no physical present in the state. this effectively ends, carol, ends tax-free shopping online for people and gets other states thinking about how they can bring in more taxes, too, carol. >> christine, thanks. seattle seahawks fan base has done it again! loud, right? fans set another guinness world record against the saints. all that yelling and stomping actually registered as an earthquake in the one to two magnitude range according to a professor from the university of
tax. it may not no longer be the case for everybody. because the u.s. supreme court on cyber monday said it is just not going to get involved in the state's efforts to force all of them to collect tax from you. we're not talking peanuts. it's estimated that states actually miss out on about $23 billion. that's just last year alone of uncollected taxes. half of them from online sales. and here with us business correspondent christine romans, and hln's legal analyst joey jackson. >> if you're a state, right, and you see someone say you're in new york andsying in their living room and they buy something or they drive amile away and they buy something online, you want the sales tax. now the supreme court is not going to not going to weigh into this debate where the web retailers say we don't think
very good news for the passengers thorpe onboard that flight who were told that a passenger had tb and had been exposed to it. and terrified a lot of passengers. health officials here now say that subsequent testing shows that the passenger did in fact not have tb and does not have tuberculosis. he has been released from the hospital late last night. he has now been cleared to travel again. you may wonder why were passengers told by the fire department here at the airport to get tested. because they were operating on information from the centers for disease control, which had put that passenger on a no-fly list. >> casey, that's good news. thank you for that. appreciate the update. one of the biggest perks of buying from amazon.com or other big web retailers, you don't obvious have to pay the sales
now more states, the see online sales taxes as an easy pot of money. many support new federal legislation that says states can force web retailers to collect sales taxes even if they don't have a store or a warehouse or a physical presence in their state. states say that could generate $23 billion a year in new tax revenue. money that they could use very much use for various programs. >> it is a big, a lot of concern around the country right now about tuition and higher ed, going up double digits and we're pricing middle class families out of college. that would make a huge dent. >> now that the legislation is beginning to get heard on capitol hill you will hear from small business and taxpayers and consumers who are really concerned the benefits of this bill, as much as 1%, state and local tax revenue, don't justify the new burdens on american business. in other words the juice isn't worth the squeeze. >> reporter: the legislation would provide an exemption
it's been wall street's biggest secret since the bailout of america's big banks but not anymore. the 2008 bailout cost taxpayers $1.2 trillion. bloomberg reports the banks also profited during that time making an extra $13 billion by taking advantage of the feds' below market rates. these new figures come from if something is simply the color of gold, 29,000 pages of documents just is it really worth more? released due to the freedom of information act. we don't think so. get your credit cards out and chase sapphire preferred is a card of a different color. your computers, ipads and smartphones ready. that's because you always get two times the points on travel, it's cyber monday. the on-line shopping frenzy that from taxis to trains, follows black friday. and this year, the national airfare to hotels, and all kinds of dining... retail federation estimates nearly 123 million people will from fast food to fine dining. log on looking for deals. and that's not all you get. there are expert advisors who answer immediately, that's up from 1077 million last year and at the end of the day, whenever you call. industry analysts predict web and absolutely no foreign transaction fees. retailers will bring in does your card do all that? $1.2 billion compared with $1 billion last year. apply today and earn 50,000 ultimate rewards bonus points >> that's a lot of pocket chairs. when you spend $3,000 in the first 3 months. >> and what we saw a moment that's $625 toward your next trip when you redeem ago. >> i guess you got your christmas gifts for each other out of the way. through ultimate rewards. >> we're thinking about it. so, why settle for gold when you can have so much more?
to determine how much you can spend without going into debt. set a spending limit, and then stick to it. after that, get started right away. shopping's fun, it's not a problem with that. not only will you have more time to search for sales and bargains, but some retailers have already discounted their prices. web retailers often have better bargains than traditional brick and mortar stores because they don't have as much overhead. another bonus, you'll beat the crowds and long checkout lines. finally, this will be tough for a lot of people. consider restricting your gift buying list to just the immediate family. when you add in the nieces, nephews, aunts, uncles, it can really add up. they're probably looking to cut back, as well. you can learn much more about mastering your money on the show that saves you money, "your bottom line," every saturday at 9:30 a.m. eastern here on cnn, don. >> stephanie, thank you. vegetables are supposed to be good for you, right? but there's a new recall tonight for some that may contain glass fragments. and justin bieber in trouble with the law? no way.