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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.90+0.4%3:59 PM EST
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To: Jan Crawley who wrote (3843)5/3/1998 3:04:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
3. The most important issue here, will Amzn's revenue growth be materially reduced
if the State/local sales tax advantage is removed. We are talking an average of 7 to 8
percents sales tax rate here.

Jan,

I doubt having sales tax will reduce sales. However, the sales tax not paid on prior sales will be significant. Take an average of %7 and last the quarter the sales tax was $6,000,090.00. That will become a liability of AMZN as the sales for the prior quarter, etc.

Glenn
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