Amazon announces it will drop California affiliates if California adopts their budget which would attempt to force Amazon to pay online sales taxes.
This is no empty threat either. Jobs were lost in Colorado over these same disputes.
How is this any different than companies shipping jobs overseas when the taxes and regulations make the USA too unfriendly to do business?
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Libs, Why Can’t You Understand That Raising Taxes Destroys Jobs?
Posted on June 30, 2011.
I believe Germany and Sweden have double our tax rates and unemployment rates around 4%
Not sure
1. This proves how spoiled corporations are when it comes to getting everything they ask for.
2. Amazon moving out will create even more jobs in California for brick-and-mortar stores, which are more labor-intensive. If you had any business knowledge, you would have known that.
3. Calirfornians won’t stop consuming just because Amazon doesn’t want to obey the same laws everyone else does. There is a multitude of businesses who will happily sell them what they want.
4. Amazon.com will lose billions in sales every year if they leave California and their competitors will be more than happy to step in and fill the void. The stockholders’ will have the CEO’s head on a stick if he follows through with his little hissy fit.
Monopoly Man, why can’t you understand that you sound insane. If that were the case, and since taxes have been low for YEARS (well before the 2008 economic meltdown), we would not be having an unemployment problem right now!!!
That’s the corporate line. California isn’t the only state that will require sales tax for online sales and Amazon will continue to do business in California. Don’t accept corporate propaganda as truth.
In the long run, raising taxes has no net effect on jobs…it’s only during the transition that jobs are lost, but then new jobs come in to fill the vacuum. The real problem is that raising taxes gives the public a false sense of security–the belief that the government can spend us out of our problems, and in doing so it distracts us from coming up with a real solution.
They can’t understand. That’s the thing.
As an older working class person I can testify that things were better for the working class before Ronald Reagan and his tax cuts. Wages have progressively went downhill.
GE reported a profit of 5.1 billion but somehow got a $3.2 billion tax rebate. Not a cut but a rebate. Exxon reported record profits and it too got a rebate. 2/3 of American corporations pay no income taxes. Last year all those tax cuts and rebates cost 1.9 trillion dollars and currently business is sitting on trillions in cash.
Why can’t you understand taxes haven’t been this low in years yet we have an unemployment rate of 10%.
Germany is heavily regulated, taxed and unionized. but they have an unemployment rate of 4%.
Also that last round of tax cuts included credits for companies that invests overseas.
Thanks to never ending tax cuts the dollar is in the toilet. A dollar U.S. used to get a $1.50 Canadian. Now it won’t get a whole dollar CAD. So ALL imports costs more. Food, clothing and OIL.
Workers’ share of national income plummets to record lowhttp://beta.news.yahoo.com/blogs/lookout…
“The chart jibes with other data, which show that since the 1980s, income for the richest 1 percent of Americans has exploded, while hardly budging at all for everyone else.”
During the Bush presidency the economy grew at it’s most sluggish rate in recent history. And it still is. And no wonder. High unemployment and stagnant wages while the price of everything rises is hardly a formula for growth and job creation. And you wonder why unemployment is stuck on high. The tax cuts did nothing. So much for “Trickle down” economics.
How do you figure a person with no job is going to buy something? With no money.
Just because Amazon threatens to close some affiliate office doesn’t mean their online sales will drop.
They still have better prices. Furthermore retailers don’t pay sales tax. They COLLECT sales tax from consumers and turn it over to the state. The rule is if a company has a physical presence in a location they are required to COLLECT sales tax and turn it over. Amazon is trying to say those affiliates are in no way related to Amazon..If a fulfillment center is not related to Amazon then why are they fulfilling Amazon orders? Sounds like a physical presence to me. Even if they did close the affiliate someone still has to pack the boxes. So no job has been lost. Just moved.
Raising income tax by 3.8% would put upper incomers back to 1999 levels prior to the Bush tax rate reductions. That would help ease the budget deficit.
During the 2001-2008 period, only 2 million jobs were added to the economy.
We may all have to pay tax to buy online products.
In Tennessee, the state sales tax is 7 percent. Combined with the average local rate, the Tax Foundation estimated the real sales tax is 9.44 percent.
In California, the combined rate was calculated at 9.08 percent. And in Arizona, that rate was 9.01 percent.
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