Study: Amazon Hurt in States With New Tax Laws

[Adam_ME]

Originally Posted by W

Who'd have thought what's basically a raise in prices across the board would mean less sales? And it only happened in states that raised prices (collected taxes)? And people are going elsewhere because where they went before is now more expensive? This article should be called "High School Economics Actually Works".

You'd be amazed how many idiots out there don't grasp this simple concept. Unfortunately many of them hold elected office.

I don't necessarily blame Amazon though. Weren't they fighting internet tax collection all this time? They knew that was what gave them an enormous edge over B&M competition, but ultimately the state governments won out and forced this on them. And yes, I personally do purchase fewer things on Amazon than I used to since they started collecting taxes in Texas.