NPR's Planet Money explains the history of the sales tax in the United States by tracing what kinds of sandwiches get taxed and why: How the Burrito Became a Sandwich. Bonus: In-N-Out Burger history in the podcast.
Amazon.com's state sales tax fight took a dramatic turn as plans were announced to close the online retailer's Irving, Texas distribution center by April 12. Amazon would not confirm the total number of employees who worked at the fulfillment center, but did announce plans to offer positions in other states to employees willing to relocate. Amazon blames the closure on Texas' "unfavorable regulatory climate." [more inside]
Is the U.S. Bankrupt? [332Kb PDF] Laurence Kotlikoff, writing in this month's Federal Reserve Bank of St. Louis Review, says "yes" - to the tune of $66 trillion! [more inside]
State Coalition Approves Internet Sales Tax Plan Ignoring, it seems, both Bush and Clinton, the states, greedy for money in these tight times, have a source of revenue from Net sales. And this will help retail stores on pricing (they must pay taxes), but how will it impact on the Net--or will Net sales manage to skirt a tax somehow? Are you for or against taxing net sales?