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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