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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: DarrenS who wrote (2078)	3/10/1998 12:23:00 AM
From: LoLoLoLita	Read Replies (1) \| Respond to of 164684

You are probably right. 5% is more than most of the net margin. So what's your take on Clinton's proposed legislation? Does it attempt to ban ANY state laws aimed at imposing their sales taxes/gross receipts taxes on net commerce? If so, it's not going anywhere in Congress, and would be thrown out in court immediately as unconstitutional even if it did make it into law. Someone correct me if I'm wrong, but I believe that the situation for the e-merchants vis a vis these taxes is presently the same as for out-of-state mail order businesses. If a customer from within the SAME state as the merchant buys the products, then the merchant collects and pay the tax. But, if they send the product to someone in ANOTHER state, then they only have to pay their state the tax if this merchant has a retail store in that customer's home state. But some of the states haven't pursued this, and others have pursued this to little avail. I think the Clinton bill is aimed at trying to PREVENT the states from even TRYING to get these taxes from amazon.com, etc. Amazon.com doesn't have any retail outlets. So can anyone in THEIR state (wherever they are) who buys from them, could you please post here as to whether they collect a state sales tax? Cheers, David