CNBC: Trump Celebrates Supreme Court Decision that Could Force His Online Store to Collect More Taxes
media mentionThe store, which brands itself as “the official retail website of The Trump Organization,” currently names just four states in which it collects sales taxes. Before April, only two were listed.
“The end game here is that internet stores like Trump store should begin collecting sales tax” in more states, said Carl Davis, research director for the Institute on Taxation and Economic Policy.
Forty-five states currently levy sales taxes. But before the high court’s ruling on Thursday, online retailers could not be forced to collect sales taxes in states where they did not have a “physical presence.” Read more