collecting sales taxes
This November, Amazon reached an important milestone for sales taxes. The majority of consumers that shop with the online retailer now need to pay sales taxes on their purchases. This is because 16 state governments, home to roughly 163 million Americans, have passed laws requiring Amazon to begin collecting sales taxes from residents even though the sales are online. Legislators in Massachusetts, Connecticut, and Wisconsin are the latest to pass these types of bills.
This adds momentum to the passing of the Marketplace Fairness Act. Since many state governments have already passed this type of online regulation, a national bill would create less of a change to the current environment.
Read more at the Wall Street JournalCharles F.
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