Amazon tells South Carolina to Go Pound Sand
I usually have a well formed opinion about just about everything, but this one vexes me. This week, the South Carolina legislature voted to not allow a sales tax exemption to Amazon for Internet sales to South Carolina residents . Amazon promptly halted construction on their 500,000 sq. ft. facility already in progress and removed the hiring notices from their web site. Yes, there are states that have no sales tax, but have income tax. And some states have no income tax, but have a high sales tax. As much as most of us hate taxes (well, at least we all hate paying taxes), the states have to make money somehow. I am actually pro- FAIR Tax , where we all pay a consumption tax of 20-something percent but have no corporate or personal income tax liability. This way, we all pay our "fair" share. If we purchase $10k per year our tax is $2500 dollars. If we purchase $1Million per year, our tax is $250K The more you make (and spend) the more you pay taxes. If you don't spe...