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re: Amazon To Start Charging Sales Tax In Arkansas
Posted on 2/24/17 at 10:40 pm to pioneerbasketball
Posted on 2/24/17 at 10:40 pm to pioneerbasketball
In Alabama, sales tax was added back last fall. November 1.
Here's what's in it for Amazon. They collect 8% (sales tax here across the state is around 9%, with the state, county, and city splitting it someway). They submit the 8% by a certain deadline, and the state will reimburse them 2%.
So, effectively by charging sales tax, amazon has increased revenues in Alabama by 2%.
Do note that the added sales tax only applies to items sold by Amazon, not a 3rd party. There are many 3rd party sellers on Amazon.
Here's what's in it for Amazon. They collect 8% (sales tax here across the state is around 9%, with the state, county, and city splitting it someway). They submit the 8% by a certain deadline, and the state will reimburse them 2%.
So, effectively by charging sales tax, amazon has increased revenues in Alabama by 2%.
Do note that the added sales tax only applies to items sold by Amazon, not a 3rd party. There are many 3rd party sellers on Amazon.
1
Posted on 2/27/17 at 10:22 am to East Coast Band
quote:
So, effectively by charging sales tax, amazon has increased revenues in Alabama by 2%.
Is it really that damned hard to read the entire thread? Again:
Amazon gets 2% of the tax collected, not 2% of the item cost. A $1,000 TV is $80 tax. Amazon gets to keep $1.60 a .16%
Brick and mortar stores in the state get to do the same thing.
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