©Michael Karshis |
Did you know there are only 8 states left in the U.S. that allow dot-coms the ability to not collect sales tax. The move to start collecting taxes in those last few states could bring, and will bring, huge amounts of cash. Reported by the WSJ, Kansas, after collecting sales taxes last year realized $35 million! That’s some serious cash my friend. |
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Amazon, probably the largest of those companies, is still holding out collecting taxes as they continue to declare distribution centers are not operated by them. I just wonder, with the economy the way it is, will states risk loosing a distribution center that employs its residents. Will employees start causing an uproar to their state officials. And will one or two of these last 8 states hold out, hoping to draw all dot-coms and then stick it to them in the end for a larger than life tax bill? |
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Amazon? .com? — Here come the TAX-man
June 25th, 2008 · No Comments
Tags: Wall Street Journal-Tech
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