sales tax

Best (and Worst) States To Be a Taxpayer

The tax burden the average American pays varies tremendously and much depends on where you live, according to a study that ranked all 50 states and the District of Columbia.

Think Buying Online Is Tax-Free? Think Again

Many online retailers don't collect sales taxes, but Amazon increasingly is. Residents of 45 states and the District of Columbia must pay use taxes on goods they buy online.

Will Americans Get Our Tax Breaks Back?

Tax planning is hard even under the best of circumstances. But when you can't be sure what the tax laws will be in the year ahead, it becomes almost impossible.

The 5 States With No Sales Tax

All 50 states make different choices about where they're going to get the tax revenue they need in order to provide the services their residents...

What Amazon's Latest Sales Tax Deal Means for Shoppers, Retailer

Residents of Massachusetts will pay a little more to buy gifts on Amazon.com next holiday season. In its ninth such deal, Amazon has agreed to collect state sales tax on purchases made from the Bay State. Could these moves by states cost the e-commerce giant its edge on pricing?

Are American Shoppers About to Lose a Big Tax Break?

With Black Friday just a few days away, shoppers across the nation are getting their wallets and pocketbooks ready to rumble. What many don't realize, though, is that the federal deduction on sales tax that was part of the shopping equation for them in previous years may disappear come January.

These Little-Noticed Tax Hikes Are Raiding Your Wallet

In a tough economy, the last thing many people can afford is for the government to take more of their money. Yet at least in some places, recent tax increases have already taken a big bite out of taxpayers' wallets, and the worst may be yet to come.

How Cuts to State Taxes Could Hit Voters in the Wallet

Several states are currently weighing plans to phase out state income tax; the aftermath of similar policies in other states suggests that these initiatives could carry a very high price for some of the country's poorest citizens.

Is Amazon the New Walmart (in the 'Evil Empire' Sense)?

On Dec. 10, Amazon offered a special deal to shoppers who used its smartphone app in brick-and-mortar stores: Scan certain items, and the Web retailer would give them an extra 5% off. Critics cried foul. In one tactless move, has Amazon cast itself as the new mom-and-pop business killer?

Beat the Clock on These 6 Vanishing Tax Breaks

They say good things come to those who wait. They also say he who hesitates is lost. But when it comes to half a dozen juicy tax breaks, it's the second "they" you should listen to, because he who waits until Jan. 1, 2012, to take advantage of them will be out of luck.

GOP Candidates: Whose Tax Plan Is Best for You?

From Herman Cain's 9-9-9 plan to Ron Paul's proposal to nix the income tax, the GOP presidential candidates have floated a range of ideas for jump-starting the U.S. economy. But will any of them jump-start your home's economics? We looked at how the four front-runners' proposals of would affect an average American family.

Bachmann Proposes Tax Hikes for All -- Reagan Style

On Thursday, GOP presidential candidate Michele Bachmann may have inadvertently made one of the boldest moves of the 2012 primary campaign. Speaking on Fox News, the Minnesota congresswoman stated that she wants to adopt Ronald Reagan's tax plan, a rate structure that's much higher than current tax rates.

The True Cost of State Sales Tax Holidays

As states grapple with huge budget deficits, 17 of them are eliminating sales taxes for back-to-school shoppers. But are sales tax holidays really a good value for consumers? Experts discuss the true costs of the programs and some of the alternatives.

Amazon Sues Texas Over Sales Tax Dispute

Online retail giant Amazon.com has filed suit against the state of Texas, demanding it produce an audit that serves as the basis for its demand for $269 million in uncollected sales taxes.

Will Amazon's Stock Jump With Black Friday's Boost?

On Wall Street, the retail sales figures that count aren't absolute numbers. Investors act based on how those numbers compare to what was expected, and in the case of Black Friday Internet sales, reality beat the predictions. That's good news for Amazon.

Texas Sends Amazon a $269 Million Sales Tax Bill

As states grapple with increasingly squeezed budgets, the battle to collect sales taxes from retailing behemoth Amazon has heated up considerably over the past year. Texas has raised the ante by hitting Amazon for four years of back sales taxes.