Sunday, April 8, 2018

"The Wrath of Don" — Open Season on Anyone, Anywhere, and Anytime for Any Reason

Self-Evident - Art of the Don’s Con 

The Don's Latest Target 
(Jeff Bezos and his Amazon successes)

Trump continues to rail 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 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.
Typical Trump: It’s impossible to know what state and local taxes the TrumpStore has paid because it’s a private company and Trump has not released any tax information.

FYI: 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.  

My 2 Cents: Nothing more to add to this other than what is posted above.
Sad commentary isn’t it? The brilliant businessman in total control, right? Yeah, right.
Thanks for stopping by.





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