Amazon sales tax. Fake News. Gotti Movie
The Mark Simone Show
iHeartRadio and Mark Simone
4.3 • 696 Ratings
🗓️ 21 June 2018
⏱️ 32 minutes
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| 0:00.0 | Well, we've got a big hour coming up. Lots to get to major Supreme Court decision that affects Amazon, that affects retail, that we'll get to that. We'll get to that. There's another suicide. We're going to figure out what this is all about. We'll get to President Trump and more. It's the longest day of the year today. What does that mean? Nine o'clock? |
| 0:21.3 | About 8.30. 8.30 is the sun will set. But the bad news is that means from now on each day gets shorter. |
| 0:27.7 | That's slow process. |
| 0:28.8 | It's a slow process. But this is the longest day of the year. It is the very first day of summer. It's looking better and better out. It's going to be a beautiful sunny day by later this afternoon. |
| 0:38.3 | So here's a major decision by the Supreme Court. |
| 0:41.3 | There's been talk about this for years. |
| 0:43.2 | The online retailers like Amazon and all that stuff don't charge tax. |
| 0:48.3 | It's one reason you get the stuff cheaper on Amazon. |
| 0:52.3 | The Supreme Court has now ruled that they have to collect sales tax. The reason |
| 0:57.4 | they got away with it under the existing law, if you didn't have a physical store in the area, |
| 1:03.5 | you didn't have to pay tax. So Supreme Court has ruled, doesn't matter, even if you're not |
| 1:08.8 | physically in the area with the store |
| 1:11.3 | states can demand that you collect tax from any sale in the state it's a smart |
| 1:16.3 | decision by the Supreme Court why would you say that oh here's mr. |
| 1:21.4 | cheap skate you were every other online shopper you've got to charge tax. No, you don't. |
| 1:28.3 | All right, here's a couple of reasons. |
| 1:29.8 | One, the retail business is getting wiped out. |
| 1:33.1 | All the stores are getting wiped out. |
| 1:34.7 | One reason is it's a little cheaper online. |
| 1:38.5 | That's because Amazon doesn't have to charge tax. |
| 1:40.5 | So it's unfair advantage competition-wise. |
| 1:47.8 | Now, here's the other reason. Every town is getting wiped out because the stores are closing. You go to your town, any town, Main Street. |
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