August 20, 2017
The President’s tweets on the subject are off the mark, but nevertheless bring attention to the need for sales tax fairness.
President Donald Trump has a point that Amazon and other online retailers should be collecting sales taxes from all of its customers just like stores do on Main Streets across America.
Although, as is too often the case with the president, this issue of tax fairness has become a bit clouded. Trump’s zeal to force Amazon to collect taxes seems more rooted in his disdain for Amazon CEO Jeff Bezos, who also owns The Washington Post, than a crusade for tax equity.
“Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt — many jobs being lost!” Trump tweeted Wednesday morning.
Although, as The New York Times reported, Trump’s assertion that Amazon does not pay taxes is false. The company, in its latest annual report to the Securities and Exchange Commission, said it paid $177 million in income taxes in 2014, $273 million in 2015 and $412 million last year.