With the latest report of Mississippi’s projected and utterly inflated “losses” from Ecommerce use tax not being collected, I thought I’d do a quick check.
As mentioned before, the top vendors in Ecommerce are larger, stronger and are now the vast majority of ecommerce sales. The big are getting bigger. Researchers don’t generally understand this and just do straight line projections and estimates.
Out of the top 15 online retailers, only 1 of the top 15 (Nordstrom) doesn’t collect sales tax for Mississippi at this time. Most sales tax is collected, the pot of gold at the end of the rainbow the states are hoping for is just fantasy.
Retailer sales in millions collects MS tax?
1. Amazon.com | $79,268 | Yes |
2. Wal-Mart Stores Inc. | $13,484 | Yes |
3. Apple | $12,000 | Yes |
4. Staples | $10,700 | Yes |
5. Macy’s | $4,829 | Yes |
6. The Home Depot | $4,267 | Yes |
7. Best Buy | $3,780 | Yes |
8. QVC | $3,722 | Yes |
9. Costco Wholesale | $3,618 | Yes |
10. Nordstrom | $2,699 | No |
11. Target | $2,524 | Yes |
12. Gap Inc. | $2,519 | Yes |
13. Williams-Sonoma | $2,501 | Yes |
14. Kohl’s | $2,367 | Yes |
15. Sears Holdings | $2,057 | yes |