Amazon Sales Take a Hit in States With Online Tax
Amazon.com is taking a hit in states that are collecting online sales tax. In one of the first efforts to quantify the impact of states accruing more tax revenue from web purchases, researchers at Ohio State University published a paper this month that found sales dropped for Amazon when the online charge was introduced. In states that have the tax, households reduced their spending on Amazon by about 10 percent compared to those in states that don't have the levy. For online purchases of more than $300, sales fell by 24 percent, according to the report titled The Amazon Tax.