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Amazon Sales Tax Continues to Reach Additional Customers

Category: General News
Posted: January 2, 2014 05:54PM
Author: gebraset

Citizens within Indiana, Nevada, and Tennessee will now be plagued with sales tax on purchases made from Amazon. It is estimated that the new agreement will bring in over $50 million a year to the three states combined. The online retail giant made an agreement with Indiana and Nevada after issues rose concerning sales tax from state officials. Within Tennessee, Amazon will be building two new warehouses within the state due to the agreement being made. The total number of states paying sales tax on Amazon purchases is now up to 19 following the announcement. No other states are expected to be added to the list until 2016, when South Carolina residents will be charged sales tax on Amazon purchases.

Source: DailyTech



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BillyBuerger on January 3, 2014 06:34AM
This sales tax thing is always reported as a bad thing. You can make the argument for or against sales tax. I don't know about other states, but in Wisconsin, you are supposed to report items purchased where you didn't pay sales tax and then pay it with your tax returns. That puts a lot on me both in tracking that and the sales tax can add up to a lot in a year. It's much easier to have Amazon take care of it. So to me, this is a good thing, not a plague as you say.
gebraset on January 3, 2014 09:26AM
As you stated, some states do require that you report the items on your state income tax return. My home state of Ohio also requires this. The issue occurs when some states do not mandate state income tax but charge sales tax. On an online purchase, one would plan to save money since Amazon and other retailers may offer no sales tax and it does not have to be reported, since there is no state income tax. If Amazon implemented sales tax in that state, it becomes a problem at least in my opinion. One should drive down to the store instead of ordering online at that point.

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