GoldenRod
10 years on LIF!
Member since 11/06 26792 total posts
Name: Shawn
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Trump’s Retail Website Only Pays Sales Taxes In 2 States. Amazon Pays Taxes In 45.
https://www.huffingtonpost.com/entry/trump-store-only-pays-taxes-to-2-states_us_5ac95a99e4b09d0a11946b1c
President Donald Trump has railed against Amazon, falsely claiming the company fails to pay state and local sales taxes on online shipments. But it turns out the Trump Organization retail website collects sales taxes only on goods shipped to two states — while Amazon collects sales taxes in 45 states.
The TrumpStore.com website sells Trump-labeled glassware, baseball caps, luggage tags, spa slippers and key chains, among several other items. It collects sales tax only on orders shipped to buyers in Florida and Louisiana, according to the company’s own website, The Wall Street Journal was the first to point out on Friday.
TrumpStore.com, which touts itself as the “official retail website of the The Trump Organization,” doesn’t even pay sales taxes on its online shipments in New York, according to the information on its site. Its physical store and headquarters are located in the Trump Tower in Manhattan.
Trump, who maintains his ownership of the Trump Organization even while president, has been slamming Amazon on Twitter for dodging sales taxes. He has called it a “no-tax” company and has blasted Amazon for paying “little or no taxes to state & local governments.”
According to regulatory filings, Amazon paid a combined total of $412 million in federal, state, local and foreign taxes last year. In 2015, it paid $273 million. Amazon currently charges consumers sales taxes in all 45 states where such taxes exist, plus Washington, D.C. All states except Alaska, Delaware, Montana, New Hampshire and Oregon collect sales tax.
Amazon doesn’t have to pay all those taxes. A 1992 Supreme Court ruling effectively restricts states from forcing online retailers to pay state and local sales taxes if the company has no physical presence or employees in the state.
Amazon reportedly also supports legislation that would require all online retail operations — such as TrumpStore.com — to pay local taxes so companies operate on a level competitive playing field. ...
Of course. He's so obvious... anything he complains about someone else doing bad, they aren't actually doing, but he's doing it 10-fold.
Message edited 4/9/2018 8:02:07 AM.
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MissJones
I need a nap!
Member since 5/05 22136 total posts
Name:
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Trump’s Retail Website Only Pays Sales Taxes In 2 States. Amazon Pays Taxes In 45.
I don't understand HOW this is OKAY!!!!!
I'm still baffled how he can have a friggin HOTEL in friggin DC!!!! Obama couldn't endorse a watch but this guy can have a HOTEL????
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