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Political Discussion
Reply to "Amazon plans to display cost of tariffs next to total price--Trump admin is pissed"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Accounting question: If the tariff isn't listed as a line item, and just rolled into the overall price, won't that be part of the sale taxed amount? So we will be paying sale taxes on tariffs? [/quote] Regardless of whether it is rolled into the price or shown as a separate line the total amount paid (including the “tariff” surcharge) is taxable for sales tax. The “tariff” amount is not really a tariff when Amazon charges it to the customer, the tariff is paid to customs by the importer of record. A charge from Amazon isn’t a tariff, just a cost recovery. [/quote] Oh that's a good point. So states will recover funds via increased sales tax on consumers. #winning.[/quote]
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