SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.47-0.9%12:16 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mark Myword who wrote (3840)5/3/1998 12:22:00 PM
From: marion (Hijacked)  Read Replies (2) of 164684
 
If a company does not collect sales tax from you, you are still responsible for the tax.
In fact, this whole issue became a "gold mine" for State Revenue Departments.
You might not think they will go after individuals on this, but they do go after businesses on this. Since you are responsible for the tax, they can also levy penalties against you.
The idea of what constitutes a "physical presence" is also a very grey area.
Most large companies that sell out of state charge sales tax for that state just to avoid the potential problem.
If you order a computer from Dell, they will charge tax. Most of the mail order companies I order from do charge tax. Amazon has set themselves up for a potentially huge tax liability by not collecting the tax. I also doubt that Amazon informs their customers that they are responsible for paying the tax that they didn't collect.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News