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How Amazon’s ambitious new push for same-day delivery will destroy local retail.

I Want It TodayBy Farhad Manjoo
Posted Wednesday, July 11, 2012
Amazon has long enjoyed an unbeatable price advantage over its physical rivals. When I buy a $1,000 laptop from Wal-Mart, the company is required to collect local sales tax from me, so I pay almost $1,100 at checkout. In most states, Amazon is exempt from that rule. According to a 1992 Supreme Court ruling, only firms with a physical presence in a state are required to collect taxes from residents. Technically, when I buy a $1,000 laptop from Amazon, I’m supposed to pay a $100 “use tax” when I file my annual return with my home state of California. But nobody does that. For most people, then, most items atAmazon are significantly cheaper


Added: Jul-14-2012 Occurred On: Jul-14-2012
By: Hitler_Is_Amazing
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Tags: economy, depression, unemployment, amazon
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