New Jersey to pay sales tax on Amazon purchasesPosted by in Blog
Starting in 2013, residents of New Jersey will start paying sales tax on their Amazon purchases.
NJ projects this will spell out an additional $30 to $40 million in revenues for the state. Using Govistics, we can easily give that figure context.
More than half of the state’s revenue is generated from taxes (top graph). And of those tax revenues, 43% is generated by sales tax (bottom graph).
But with New Jersey’s total revenues reaching $43 billion - $27 billion of that from taxes – and extra $40 million is just a drop in the bucket.