Markets

How to calculate sales tax on almost anything you buy

It’s not hard to calculate sales tax. However, it’s much more complicated to figure out the exact tax rate, since it varies by state and by purchase amount. Visit Business Insider’s homepage for more stories. When you buy something in the US, you almost always pay more than the sticker […]
How to calculate sales tax on almost anything you buy
Strategy

How much 25 major US cities pinch from your wallet in taxes

State and local taxes vary widely from place to place. Here are the sales and income tax rates faced by residents of the 25 biggest US cities. Tax season is upon us, and while most Americans are focused on their federal income taxes, state and local taxes vary wildly from […]
How much 25 major US cities pinch from your wallet in taxes
Lifestyle

The 25 US states with the highest sales tax, ranked

Your Black Friday and Cyber Monday purchases may cost a little more if you live in a state with high sales tax. Every state determines which goods and services apply to their sales tax, and some cities impose local taxes. Using data from the Tax Foundation, we ranked the 25 […]
The 25 US states with the highest sales tax, ranked
News

Trump wants to go after Amazon

President Donald Trump is “obsessed” with Amazon, a source told the news website Axios. The president is considering targeting the retail giant’s tax status or antitrust action. Trump blames Amazon for the decline of brick-and-mortar retailers and the pain that has caused real-estate developers. And he thinks the company is […]
Trump wants to go after Amazon
Tech

The ‘Amazon Tax’ Is A Pretty Big Disappointment

[credit provider=”Flickr / Svenstorm” url=”http://www.flickr.com/photos/svenstorm/2562833727/in/photostream/”] (Reuters) – Sales tax from Internet commerce, a prize pursued for years by U.S. state governments, is starting to arrive in California and a few other states, providing millions of dollars in new revenue, though not as much as a benchmark study once forecast.After fighting […]
The ‘Amazon Tax’ Is A Pretty Big Disappointment
Markets

The US Relies Too Much On Incomes For Tax Revenue

[credit provider=”BCA Research” url=”http://bcaresearch.com/”] There are plenty of different ways to look at a country’s tax rate.For instance, if you look at tax as a percentage of GDP, the U.S. has a relatively low rate.
The US Relies Too Much On Incomes For Tax Revenue
Markets

JPM’s Michael Feroli Has A Crazy Idea To Fix The Economy

[credit provider=”Bloomberg” url=”http://www.bloomberg.com/video/91398870-jpmorgan-s-feroli-on-fed-monetary-policy.html”] We recently emailed some of our favourite economists to ask how they’d fix the economy.We asked for both reasonable and off-the-wall ideas.
JPM’s Michael Feroli Has A Crazy Idea To Fix The Economy
Markets

The Truth About The $23 Billion ‘Amazon Tax’ Loophole

[credit provider=”Business Insider”] Shoppers flooded retailers on Black Friday looking for door buster deals and setting new records for holiday sales.Then they scoured the web for the best holiday bargains on Cyber Monday, the e-commerce answer to the post-Thanksgiving shopping frenzy, which is also expected to smash last year’s records.
The Truth About The $23 Billion ‘Amazon Tax’ Loophole