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Non-Tech : Kirk's Market Thoughts
COHR 175.05-1.9%3:59 PM EST
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To: Kirk © who wrote (3128)5/26/2015 5:53:51 PM
From: Steve Lokness  Read Replies (1) of 26779
 
<<<< Sales taxes are tough... I feel for the small business that might have a 4% profit margin after paying 9% sales tax in CA>>>>

Isn't the sales tax paid by the buyer though? Amazon - based in Seattle - has been able to do all it has accomplished while being in a State that has no income tax - BUT a sales tax. From my perspective it makes more sense to tax consumption (a sales tax) than it is to tax income. .........Most states have both now I believe and yet in Washington State with its exploding economy we still rely on the sales tax.
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